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.
The sportswear brand's founder and chairman emeritus gave 12 million shares to an unnamed organisation.
The markdowns come amid slowing demand as the apparel industry’s slump deepens and teens opt for rivals Adidas and Vans.
Nike Inc. posted disappointing third-quarter sales and signalled that orders in North America and some overseas markets are increasing more slowly than projected.
Nike Inc. co-founder Philip Knight donated $400 million to Stanford University to start a graduate scholars program that will address “global challenges” facing society.
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Nike Inc., the world’s largest sporting-goods company, approved a new $12 billion stock buyback plan and said it would split its shares 2-for-1.
Kate Freeman of Los Angeles filed a lawsuit on Friday in Multnomah County Circuit Court seeking $1.3 million from the Beaverton, Oregon-based company.
The sportswear giant has been working hard on winter-wear and spent three years developing its new breathable running shirt.
Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 US-based manufacturing jobs if the pact is approved.
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Nike Inc. and its partners will create as many as 10,000 US manufacturing and engineering jobs over the next decade if Congress approves fast-track trade legislation and a Trans-Pacific Partnership trade agreement is finalised.
Nike Inc. and its partners will create as many as 10,000 US manufacturing and engineering jobs over the next decade if Congress approves fast-track trade legislation and a Trans-Pacific Partnership trade agreement is finalised.
Nike Inc., the world’s largest sporting- goods maker, posted third-quarter profit that topped analysts’ estimates, helped by demand in North America.
Nike Inc. on Thursday reported fiscal second-quarter net income of $655 million. The results topped Wall Street expectations.
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.