Nike Inc. Chief Executive Officer Mark Parker said the world’s largest maker of athletic shoes will pursue acquisitions and partnerships as it goes after the growing middle class in developing markets such as China.
For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
Nike Inc., the world’s largest sporting-goods company, rose the most in more than two years after posting fourth-quarter profit that surpassed analysts’ estimates and increasing its long-term sales forecast.
Beth Comstock, a Nike Inc. director, says she picked up ideas in the shoemaker’s boardroom about doing business in India by appealing to that country’s love of cricket. Now she’s taking what she learned back to her day job as General Electric Co.’s marketing chief.