Reebok International Ltd. files a lawsuit against Nike Inc. in the U.S. District Court for the Eastern District of Texas, claiming Nike infringed on a patent arising from Reebok's collapsible shoe technology.
VF Corporation completes the sale of its global intimate apparel business to Fruit of the Loom Inc., a subsidiary of Berkshire Hathaway Inc. Proceeds of the sale will consist of the previously disclosed $350 million purchase price, plus adjustment for working capital changes.
To maximize shareowner value, Cadbury Schweppes is evaluating options for the intended separation of its confectionery and Americas Beverages businesses.
Nick Hahn, director of corporate brands for The Kroger Co., will be inducted into the Private Label Hall of Fame this month for his leadership in the private label industry and for his role in helping to shape Kroger's corporate brands strategy.