A longtime Adidas executive is facing multiple allegations of bribing young athletes and their families.
Consumer sentiment for the short-term — six months out — is expected to rise, particularly on the jobs front.
The brand operator is still closing hundreds of stores and posted a $1 billion loss, but the year didn’t turn out as bad as feared.
Moody’s said international operations for America’s biggest apparel companies will have profits ticking up next year.
Peltz is seeking a seat on the P&G board.
While Goldman analyst Lindsay Drucker Mann welcomed Roger Farah as chairman, she said it would take time to update the company’s business.
The year ended June 30 profited $8.59 million but store closures and cost-cutting continues for the group.