Kering Reduces Puma stake

Kering is moving to reduce its stake in Puma by issuing bonds that can be exchanged for shares in the brand, according to Reuters.

EBay CEO Leaves Amid Activist Fight

EBay chief executive officer Devin Wenig stepped down Wednesday, citing differences with the company’s recently revamped board, which is looking to sell some of its businesses amid pressure from activist investors.

Adidas Renews Partnership With Louisiana Athletic

Louisiana Athletics and Adidas have entered a three-year partnership in which the Portland, Ore.,-based company will be the official athletic footwear, apparel and accessory brand of the Ragin’ Cajuns through the 2021-22 season

Gap Inc. Appoints New Head Of Athleta

Gap Inc. announced the appointment of Mary Beth Laughton as president and chief executive officer of Athleta. She was EVP of Omni retail for Sephora U.S. leading both the e-commerce and stores channels. She previously spent nine years at Nike.

Foot Locker Announces $3 Million Investment In NTWRK

Foot Locker Inc. announced Wednesday its most recent strategic investment in NTWRK, a youth culture e-commerce and content platform. With this $3 million investment, Foot Locker and NTWRK will bring together the world’s best brands utilizing NTWRK’s highly compelling episodic format to release exclusive products, original content and access to the biggest names in youth culture.