German newspapers reported that the American sports equipment giant overcame their rival's home advantage with a bid of around 100 million euros ($108 million) a year. Adidas reportedly offered a final bid of between 60-65 million euros. The deal left the German Football Federation (DFB) defending themselves from accusations from...
Nike shares tumble after cost cuts
Nike promised up to $2 billion in cost savings Thursday.
Vietnam shoemaker to cut 1200 jobs
PouYuen Vietnam employs an estimated 40,000 workers.Shoemakers for Nike, Adidas to slash thousands of jobs
One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the end of next month, state media said. The country is among the world's largest exporters of clothing, footwear and furniture, but has been badly affected by the cost-of-living crisis in...
Vietnam shoe maker for Nike, Adidas to cut 6,000 jobs
Vietnam, one of the world's largest exporters of clothing, footwear and furniture, has been badly affected by the cost-of-living crisis in major markets in Europe and the United States, with the buying power of worldwide consumers plunging. PouYuen is commercial capital Ho Chi Minh City's largest employer, with around 50,000...Nike shares soar as profits top estimates
Profits for the Q1 came in at $1.3 billion.
LeBron’s 18-year-old son Bronny signs Nike endorsement deal
The younger James, who turned 18 last Thursday, is a guard at Sierra Canyon High School near Los Angeles while his father is the 37-year-old four-time NBA champion playmaker for the Los Angeles Lakers. Bronny James has already become part of Nike's marketing for its newest sneaker, the Nike LeBron...Nike posts $1.4b quarterly profit
Strong pricing helps company offset lower China sales
Brands from Ferrari to Nike rush toward ‘metaverse’ future
The clamor over virtual goods comes amid feverish predictions that the metaverse -- a virtual reality version of the internet -- will eventually replace the web of today.
