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 […]

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