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Nike’s Downturn Forecasted by Key Taiwan Shoe Supplier

**Nike’s Downturn Forecasted by Key Taiwan Shoe Supplier**. Nike’s recent financial struggles, including a significant drop in share prices, were foreshadowed by warnings from its major Taiwanese shoe supplier, Pou Chen Corporation.. **Pou Chen’s Concerns**. Pou Chen, which produces about…

Frasers Group’s ASOS Stake Reaches Almost 20%

Frasers Group’s stake in British online fashion retailer ASOS has reached almost 20%, according to regulatory filings published on Monday. Frasers disclosed on Monday that it had increased its stake in ASOS to 19.92%, up from 18.84% previously. Frasers, which…

Mitchell & Ness Appoints Former Nike Exec as New CEO,

Sportswear brand Mitchell & Ness has named Johnathan Grzan as its new chief executive officer, effective immediately.. The appointment of the former Nike executive is intended to drive growth for the Philadelphia-based brand. Grzan will be tasked with expanding Mitchell…