Why Adidas is buying LVMH

The latest on Nike, Adidas, and the LVMh adidas women shoe initiative (all times local):10:40 a.m.Nike is buying luxury shoe retailer LVMHL.The deal is worth $3.5 billion, according to Reuters.The $3 billion is a larger than expected valuation.It is expected to close by the end of this year, according the Reuters story.The company’s stock has […]

Read More

Nike running shoes to be recalled due to ‘suspected’ contamination

LONDON (AP) Nike is recalling about 20,000 running shoes for possible contamination linked to the shoe encore product, its global chief executive said Tuesday.The shoes were sold to retailers in India and China and could be recalled for up to four months.The company said it was aware of two deaths related to the product.It said […]

Read More