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Nike beats Adidas for winner of 2022 World Cup jersey battle

  Bloomberg At FIFA World Cup in Qatar, 13 of the 32 participating countries will be playing in jerseys provided by Nike Inc., the most by any sportswear sponsor at this year’s tournament. This year, Germany-based Adidas AG will outfit only seven nations. This is only the third time Oregon-based Nike has outperformed Adidas, and the biggest gap Nike has ...

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Superdry seeks new funds to repay bank debt in tough market

  Bloomberg Superdry Plc is seeking to tap investment funds to repay banks on a loan due in January as the cost-of-living crisis hits consumer spending. The London-listed clothing company has been sounding out potential new investors to replace an asset-backed facility worth £70 million ($83 million). The company said it’s in “positive on-going discussions with lenders” when contacted by ...

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Burberry’s new top team seeks growth in return to ‘Britishness’

  Bloomberg Burberry Group Plc’s new leadership plans a return to “Britishness” after a revamp by an Italian executive duo failed to keep the UK brand abreast of its luxury rivals. The new team of Chief Executive Officer Jonathan Akeroyd and creative chief Daniel Lee want to increase accessories to more than 50% of sales in the long term, banking ...

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