Ralph Lauren no longer CEO of his fashion company

Fashion designer Ralph Lauren has relinquished his position as CEO of the eponymous fashion company, but he will still be its chairman of the board and its creative director. Stefan Larsson will replace him as CEO.

China makes Nike soar

American sports clothing producer Nike has had an excellent start to its fiscal year 2015/2016 as its turnover grew 14 % (in local currency) in the June-August time frame. Particularly its Chinese sales went great.

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