Bloomberg Phoebe Philo, the widely praised creative director of LVMH’s Celine label, is leaving her position in January, the company said. LVMH didn’t announce a successor in its emailed statement. Philo’s departure was well-telegraphed, with the trade publication Business of Fashion reporting in October that the luxury conglomerate was interviewing potential replacements. Still, the move is significant for Celine, which …

Bloomberg Nike Inc. shares fell the most in nine months after its North American sales slump worsened, overshadowing strong growth in other regions. The world’s largest sports brand posted quarterly sales that fell short of estimates in its home market, while beating them in Greater China and Europe, the Middle East and Africa. The results show that Nike still faces …

Dubai / Emirates Business The combined value of the 1,424 active transport projects in the GCC has exceeded $392.2 billion (AED1.4 trillion) at the end of 2017, according to latest GCC Construction Analytics report issued by BNC Network, the larg-est and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these, 139 …