Topic
apparel-industry
3 stories related to this topic, newest first.
marketscreener.comfinance6 hrs ago
Nike Revenue Rises as China Sales Fall
Nike posted a small revenue gain for its fourth quarter while noting continued sales weakness in China and issuing a cautious outlook. The company said its new chief executive's turnaround plan faces ongoing challenges.
eonline.comfinance46 days ago
LVMH Agrees to Sell Marc Jacobs to Joint Venture of WHP Global and G-III Apparel Group
LVMH has reached an agreement to sell the Marc Jacobs brand to a joint venture formed by WHP Global and G-III Apparel Group. The buyers plan to raise up to $850 million to fund the acquisition. The deal marks the exit of the French luxury conglomerate from ownership of the Americ…
New York Postfinance53 days ago
Consumers Sue Nike Over Tariff Costs and Refunds
Consumers filed a proposed class action against Nike on Friday accusing the company of raising prices to cover tariff costs and then failing to refund those amounts after a court struck down the tariffs. The Beaverton, Oregon-based company has reported paying about $1 billion in…