A lawyer for Michael Avenatti told a jury that Nike Inc was being probed by the U.S. Securities and Exchange Commission (SEC) over claims that it made illicit payments to elite youth basketball players.
On Monday, concerns about the impact of the new coronavirus epidemic on China's economy were reflected in the share prices of major international luxury groups, in anticipation of a slump in Chinese sales and tourism.
Rumours that Dr Martens could fetch as much as £1bn seem to be on the ball, and even a possible underestimation. Its private equity owners are reportedly seeking at least that figure to sell the expanding company.
N Brown's digital focus and concentration on core brands in the UK seem to be paying off and with labels like Joules, Clavin Klein and Tommy Hilfiger being added to its retail offer, it's upbeat for the future.
The Canadian sportswear brand plans to quadruple international sales by 2024, a goal that Gareth Pope, Lululemon's EMEA boss, is taking on board for the region he oversees, adopting a methodically patient approach.