Converse to cut jobs as part of Nike's cost-savings plan, Bloomberg News reports-February 2024-www.financetom.com

Converse to cut jobs as part of Nike's cost-savings plan, Bloomberg News reports

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Converse to cut jobs as part of Nike's cost-savings plan, Bloomberg News reports

May 14, 2024 11:02 AM

May 14 (Reuters) - Footwear brand Converse will cut jobs

as part of parent company Nike's ( NKE ) on-going $2 billion

cost savings plan, Bloomberg News reported on Tuesday citing an

internal memo.

Previous page： Axis Mutual Fund eyes ₹3 lakh crore AUM by March, expects ₹2,500 crore from new fund Next page： Cult US sneaker brand Foot Locker inks exclusive licensing deal with Metro Brands & Nykaa

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Axis Mutual Fund eyes ₹3 lakh crore AUM by March, expects ₹2,500 crore from new fund

Nov 29, 2023

The fund house opened the year with an AUM (assets under management) of over ₹2.25 lakh crore. The open-ended equity scheme represents the manufacturing theme and opens for subscription on December 1 and closes on December 15.

Cult US sneaker brand Foot Locker inks exclusive licensing deal with Metro Brands & Nykaa

Nov 29, 2023

The volume of the sneaker segment in India is projected to reach 66 million pairs by 2028. Shares of Metro Brands Ltd ended at ₹1,326.85, up by ₹27.10, or 2.09%, and shares of FSN E-Commerce Ventures Ltd ended at ₹172.10, up by ₹2.80, or 1.65%, on the BSE.

Sula Vineyards expects bumper harvest in early 2024

Nov 29, 2023

The unseasonal rainfall in Mumbai and other parts of the state prompted concerns about potential disruptions in the agricultural supply chain.

UltraTech Cement acquires Burnpur Cement's grinding assets in Jharkhand for ₹170 crore

Nov 29, 2023

This acquisition not only substantially hikes UltraTech Cement's capacity but also serves as a strategic entry into the promising market of Jharkhand. Shares of UltraTech Cement Ltd ended at ₹8,721.80, down by ₹6.20, or 0.071%, on the BSE.