China's Alibaba Group and its fintech affiliate Ant Financial announced a string of top level executive changes on Thursday, amid an ongoing restructuring following the appointment of Daniel Zhang as chairman of Alibaba.
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 Mahwah, New Jersey-based womenswear retail group’s board of directors approved a 1-for-20 reverse stock split on Thursday, in an effort to comply with the Nasdaq’s minimum share price and stave off delisting.
The iconic Brazilian flip-flop brand has entered into a two-year global sponsorship deal with the World Surf League, with plans to activate at six of the organization’s official stages over the next year.
Another big name has just announced that its banning the use of fur in its products with the Karl Lagerfeld brand singing up to be fur-free. AM Retail Group, which operate’s Lagerfeld’s stores, will also stop using fur.
2019 has been the year in which sustainability has been the keyword for both consumers and businesses, but while progress is being made in some areas, there’s still plenty of work to do, a new report showed on Thursday.