Chinese sportswear company Li Ning has reported double-digit earnings growth, with net profit increasing by nearly 39 percent to RMB715 million, or over $106 million USD, compared to RMB515 million in 2017.
French label The Kooples, currently in negotiations for a possible take-over by Swiss group Maus Frères, has unveiled a new collaboration with Puma, featuring sneakers and, for the first time, sportswear.
EU antitrust regulators fined U.S. sportswear maker Nike 12.5 million euros on Monday for restricting cross-border sales of merchandising products of five European football clubs and the a football federation.
The sportswear retailer reported sales and earnings for the fourth quarter which topped analysts’ estimates on Friday, and announced that it has begun the search for a replacement for CEO Jeff Rosenthal.
In the midst of the Kering-owned brand's relaunch, FashionNetwork.com has learned that Bottega Veneta has named a new CEO for its EMEA zone: Hugo Boss alum Massimiliano Brunazzo, who joins the Italian brand from Adidas.