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Nike shares rally on progress in turnaround
Nike shares rally on progress in turnaround
Economy
by  AFP

Nike reported a surprise increase in quarterly sales Tuesday, pointing to progress on a turnaround as it forecast a bigger cost hit from US tariffs. But Friend lifted the company's estimate of the total cost from US tariffs under President Donald Trump's administration to an annual hit of $1.5 billion from the prior $1 billion.

Stars align for Louis Vuitton, Stella McCartney at Paris Fashion Week
Stars align for Louis Vuitton, Stella McCartney at Paris Fashion Week
Economy
by  AFP

Louis Vuitton showcased a collection of flouncy skirts and sculptural ruffles in front of a star-packed audience while Stella McCartney had war and peace on her mind for her show on day two of Paris Fashion Week on Tuesday. - Anderson debut - A flurry of new appointments at major labels have lent this Paris Fashion Week momentous significance.