Nike’s empire under threat: $230 billion wiped off its value as sporting stars defect and new rivals gain ground
The world’s biggest sportswear company is battling falling sales, fierce competition from On and Hoka, and the loss of high-profile ambassadors including Kylian Mbappé and Lamine Yamal, as chief executive Elliott Hill attempts to restore its former dominance
Canada-US trade talks collapse as Ottawa announces retaliatory tariffs
Ottawa will target American steel, dairy, appliances and paper products from 8 September, while Washington's trade representative says talks are unlikely to resume soon, casting fresh doubt over the future of the wider USMCA agreement
Former Abercrombie & Fitch chief executive ruled fit for trial despite Alzheimer’s claims
Mike Jeffries is facing serious charges related to sex trafficking, and he is reported to have been hospitalized in recent months due to serious health problems