Frederick Lukoff, the long-time president of Stella McCartney, quits to become CEO of Dutch brand Scotch & Soda. A surprise move, barely one year after overseeing McCartney's buyback of 50% of her company from Kering.
Adidas shares fell 1.5% on Wednesday on expectations that one of the German sportswear firm's top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its stake, three traders said.
Asics has launched campaign 'Pace To Glory' with Indian cricketers Bhuvneshwar Kumar and Jaspreet Bumrah as it looks to cash in on the popularity of the players during ongoing ICC Cricket World Cup 2019.
Sportswear giant Nike will waive performance-based targets for 12 months for any of their pregnant athletes after several runners revealed they had their payments frozen, according to a report on Friday.