LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Sales in China rose 6 percent while in North America, the company's biggest market, sales fell 2 percent.
The sportswear giant is boosting e-commerce capabilities to address increased online orders.
The sportswear company saw digital sales increase by 36 percent in the third quarter, following the outbreak.
The sportswear giant’s revenue could fall by a third in the fourth quarter due to store closures, supply chain disruptions and the NBA suspension caused by the coronavirus pandemic.
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Proposed legislation would extend to design patents the same protections given copyrighted and trademarked goods.
The sportswear giant is set to purchase an undisclosed stake in the laceless shoe company Handsfree Labs Inc, in bid to create apparel that's easier for people with disabilities to wear.
The split comes amid an overhaul of Nike’s retail strategy that aims to focus on direct-to-consumer relationships.
The suit claims that Skechers’ Skech-Air Jumpin’ Dots and Mega shoes use footwear cushioning inventions Nike had developed.
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John Donahoe, a Nike board member, will resume the top job in 2020.
Nike said new products and advancements in e-commerce helped lift sales.
Brown has denied allegations by his former personal trainer of rape and sexual assault.
The sportswear giant purchased Hurley in 2002 for an undisclosed sum, in an effort to expand beyond athletic-focused apparel.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.