Kim Bhasin

1 week ago | bloomberg.com | Kim Bhasin |Lily Meier

John Hoke(Bloomberg) -- John Hoke, a longtime top design executive at Nike Inc., is retiring after more than three decades shaping new products at the world’s largest sportswear company. Hoke is stepping down as Nike’s chief innovation officer, according to an internal memo seen by Bloomberg News. In that role, he’d been charged with speeding up the pace of product development.

1 week ago | bloomberglinea.com.br | Kim Bhasin

Bloomberg — A Elf Beauty acertou um acordo para a aquisição da marca de beleza Rhode, de Hailey Bieber, por US$ 1 bilhão. O negócio prevê pagamento de US$ 800 milhões em dinheiro e ações, com um adicional de US$ 200 milhões com base no desempenho da Rhode ao longo de três anos, disse a Elf em um comunicado nesta quarta-feira (28). O CEO da Elf, Tarang Amin, disse que a aquisição diversificará ainda mais o portfólio da empresa de cosméticos, que inclui marcas como Naturium e Well People.

1 week ago | torontosun.com | Kim Bhasin

The deal is for $800 million in cash and stock, with an additional $200 million payout based on Rhode’s performance over three years, E.l.f. said in a statement. E.l.f. Chief Executive Officer Tarang Amin said the acquisition will further diversify the cosmetics company’s portfolio, which includes brands such as Naturium and Well People. Rhode is ready for “rocketship growth,” he added. E.l.f. shares slipped 1.1% at 5:10 p.m. in extended trading in New York.

1 week ago | bloomberg.com | Kim Bhasin

Shoppers at a Foot Locker store in New York, US. (Bloomberg) -- Foot Locker Inc.’s sales slump persisted in the latest quarter, a potential headache for Dick’s Sporting Goods Inc. as it prepares to acquire the struggling sneaker chain. Comparable-store sales fell 2.6% in the three months ended May 3, more than analysts expected. In light of the pending transaction with Dick’s Foot Locker nixed guidance and said it won’t have a conference call to discuss its results.

1 week ago | news.bloombergtax.com | Kim Bhasin

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.