OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Britain’s JD Sports Fashion plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter, eyeing expansion in the U.S., Asia and other European markets.
Adidas North America president Mark King has made a bold political statement by expressing interest in offering controversial quarterback Colin Kaepernick an endorsement deal if he can get signed again by an NFL team.
The New York-based consumer brands group announced on Tuesday that it has signed a multi-year deal with Chinese sportswear manufacturer and distributer Beiying Sports Technology Co. to expand its Avia brand to China.
Pentland Brands said this week that it’s making some key executive team appointments “with clearer brand and regional accountabilities,” to drive its ambition to accelerate brand growth across international markets.