Corporate Governance

Kimberly-Clark (K-C) Corporation unveils the structure for its new Global Marketing organization as part of its ongoing effort to extend its brand-building capabilities, accelerate growth and product innovation, and improve the effectiveness of its marketing resources.

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.

Circuit City Stores strengthens its IT infrastructure using IBM at more than 600 Circuit City superstores.

According to the Associated Press, Techtronic Industries Co. Ltd. (TTI) will close Hoover's main campus in North Canton, Ohio, and some manufacturing operations of the vacuum-cleaner business by fall, resulting in 750 job cuts.

Smithfield Packing taps John Galt Solutions for forecast and plan production within Smithfield Packing's packaged meats division.

Welch's determined that its internal IT staff was needed to implement and support a new Oracle ERP solution, leaving insufficient resources to maintain and support its existing Electronic Data Interchange (EDI) system.

Fast growing company makes more "sophisticated" decisions