US: Reebok eliminates global president position
Reebok, which is owned by sporting goods giant Adidas, has removed the position of global president, moving Ulrich Becker to president of the brand's North American business.
Becker will continue to report to Adidas CEO Herbert Hainer along with Patrik Nilsson, president of Adidas North America.
Last month, Adidas said it expects full-year earnings to be in the top end of its previous forecast as it reported a 30% increase in first half net income to reach EUR455m (US$581.8m).
Weak consumer spending, difficulties in securing credit, competition from China and the Far East resulted in factory closures and subsequent layoffs in 2012. But ramping up labour and sustainability s...
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Gene McCarthy, senior vice president of footwear at Under Armour, is to leave the performance apparel and footwear specialist next month....
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