Li and Fung Files Paperwork to Spin Off Global Brands

Li & Fung Limited took a step closer to spinning off its global brands and licensing segment Thursday when it filed an application to list shares of that business as a separate stock with the Hong Kong Stock Exchange. The company also disclosed several ch

Puma Q1 Profit Declines; Backs FY14 Forecast

Puma, which is undergoing a turnaround plan that includes reconnecting with its sports heritage, reported currency-neutral sales slipped 0.5 percent in its first quarter, an improvement over the 4.7 percent slide in the fourth quarter. Earnings slid 25 pe

Try Tennis for Free Initiative Launched

The Professional Tennis Registry (PTR) and the U.S. Professional Tennis Association (USPTA) have partnered to support an industry-wide effort aimed at getting Americans to “Try Tennis for Free.” The USPTA is promoting Try Tennis for Free to i

Vibram FiveFingers Settlement Moves Forward

A federal judge cleared the way Monday for Vibram USA to begin settling a class action lawsuit alleging it used unsubstantiated claims about the health benefits of running in its FiveFingers shoes to increase their sale…