Nike Inc. announced on Monday it has signed the UN Fashion Industry Charter for Climate Action, committing to a 30 percent reduction in aggregate greenhouse gas emissions by 2030 and net-zero emissions by 2050.
Gaiam, the New York-based company's yoga lifestyle brand, will launch a line of specialty bath and personal care products, marking the brand’s first foray into the natural personal care and wellness market.
Frederick Lukoff, the long-time president of Stella McCartney, quits to become CEO of Dutch brand Scotch & Soda. A surprise move, barely one year after overseeing McCartney's buyback of 50% of her company from Kering.
Adidas shares fell 1.5% on Wednesday on expectations that one of the German sportswear firm's top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its stake, three traders said.