Two Chinese TV Stars Cut Ties with Nike over Xinjiang Comments

Two Chinese TV stars decided to sever their ties with Nike over the sportswear manufacturing giant’s comments regarding the controversial violation of human rights and forced labor in the Chinese province of Xinjiang. Nike is only one of the Western …

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Birkenstock Selling Majority Stake to Private Equity Firm Catterton Partners

Footwear maker Birkenstock has agreed to sell a majority stake to Catteron Partners, a private equity firm specializing in luxury goods. Birkenstock announced the news in a press release earlier today, saying that they hoped the partnership would increase production, …

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