Fanatics-Backed Vintage Sports Brand Mitchell & Ness Hires Nike Executive as CEO

Mitchell & Ness, a vintage sports apparel brand known for its throwback jerseys, has appointed former Nike executive Eli Kumekpor as its new CEO. The brand, which was acquired by Fanatics in 2022, specializes in retro and nostalgic sports apparel collections. Kumekpor, who has experience with Nike’s Jordan Brand, aims to leverage both vintage aesthetics…

Nike Falls for Record 10th Straight Day as Foot Locker Woes, China Slowdown Hit Stock

Nike’s stock has fallen for 10 consecutive days due to a slowdown in the footwear sector and concerns about China’s economic recovery. The sneaker giant’s shares dropped about 2.7% after Foot Locker reported disappointing quarterly results and lowered its guidance. Consumer spending on clothes and shoes has been affected as people focus on services and…

Nike v. Adidas: Soccer World Cup Sponsors Gear Up for England, Spain Finale

As England and Spain compete in the Women’s World Cup final, their sponsors Nike and Adidas are hoping to capitalize on the potential multimillion-dollar sales boost that comes from sports sponsorship. In 2019, Nike’s World Cup-winning U.S. National Women’s Team jersey became the top-selling soccer jersey ever sold in a single season on its website….

Adidas HR Chief Amanda Rajkumar Leaves, Latest Board Member to Depart Since CEO Bjorn Gulden Took Over

Adidas AG (ADSGn.DE) said on Wednesday that its human resources chief Amanda Rajkumar would leave the company at the end of the year, becoming the latest board member to depart since Bjorn Gulden took over as chief executive. Rajkumar, who joined Adidas in 2020 from BNP Paribas, will be replaced by Pierre-Olivier Beckers, who is…

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