Cambodian Prime Minister Hun Sen told his ministers to ease pressure on labor union leaders on Wednesday, after threats by the European Union to remove the Southeast Asian country’s duty-free trading access.
Having acquired a significant portion of Global Brands Group’s American business, the consumer brands company has announced that it has changed its name to Centric Brands and will be welcoming Jason Rabin as its new CEO.
Under Armour Inc raised its full-year profit forecast on Tuesday after reporting third-quarter results that topped Wall Street estimates, as the sportswear maker benefited from higher overseas sales and lower expenses.
Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was still saw shares down 4% after hours.
Sportswear maker Under Armour Inc will cut about 400 jobs, or 3 percent of its global workforce, as part of efforts to cut costs in its struggle to compete with Nike and Germany’s Adidas in North America.