Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.
The US brand no longer wants to be identified with the Yellow Boots alone, and has worked on a lifestyle range for many years. Its apparel design director introduced FashionNetwork to the brand’s new line segmentation.
U.S. apparel and footwear conglomerate VF Corporation and buyout funds Permira and Advent are lining up indicative offers for Italian shoe brand Golden Goose ahead of a mid December deadline, sources told Reuters.
Kipling is continuing its brand reinvention and its latest step will be a move into hard-case luggage next year. The brand best known for its crinkle nylon material will launch a hard-shell range in February.