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Sportswear maker says restructuring expected to result in pre-tax charge of more than $400mn
The cost of designer goods has shot beyond what the brands’ chatter about look and quality can justify
Sportswear brand must revive growth in its North American market, where it faces stiff competition
Also in today’s newsletter, Africa’s ‘staggering’ finance gap
Plus, Nike’s U-turn on retail strategy and Fenway gets into golf
Tighter cost controls should bring profit back on track
Matt Damon and Viola Davis star in a celebration of consumerism through the origin story of the Nike Air Jordan
Ben Affleck’s new film ‘Air’ shows how the brand’s trainers turned dressing down into dressing up
Also in today’s newsletter, there’s more to shareholder proposals than winning the vote
Excess goods remain a challenge for US sportswear giant alongside exposure to China and currency headwinds
Consumers take advantage of discounts ahead of Christmas
NBA star loses crucial partnership amid fallout from social media post
‘It’s not our favourite sport, but it’s good business,’ say the country’s soccer entrepreneurs
Big companies are damaged when their famous partner implodes, but they survive and move on
We highlight the evolving role of senior in-house lawyers by showcasing outstanding examples of wide-ranging leadership skills
US sportswear retailer secures halo effect from Lionesses’ victory after early fumbles in men’s game
Don’t take the easing of pandemic restrictions as a sign that the country is returning to normality
Felicia Mayo will be the second executive to leave the role at the world’s largest sportswear maker in as many years
Cutting out the middle man has allowed brand to keep ahead of its rivals
Share price surge reflects Wall Street hope for a deal, but co-founder retains control as he moves to stave off suitors
Sales and shares of the country’s homegrown brands have further left to run
Deal also involves Fenway and values SpringHill at $725m
The industry is underpinned by the Muslim population but is also finding wardrobe space elsewhere
Sportswear company had argued that the European Commission’s investigation was premature
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