Alfa Romeo's ties with a few Chinese companies, like dairy brand AMX, Zhou's arrival has not brought the team the sponsorship windfall it had hoped for.
Puma and Coca-Cola are collaborating to celebrate their long heritage through a nostalgic collection.
Sauber is linked with Volkswagen-owned Audi, with reports suggesting the German company is looking for a 75 percent stake in the team.
To commemorate Lamborghini's founding year of 1963, the fourth NFT will only be produced in a restricted quantity of 63 pieces.
Analyst Ming-Chi Kuo predicts Apple will raise iPhone 14 costs, possibly increasing the base model’s price to nearly $1,000
The "Be You" MB.01s were inspired by several LaMelo releases in the past, with the "Not From Here" PUMAs from 2021 serving as possibly the most noteworthy example.
The Red Sox remains silent on the MassMutual deal due to it not being officially signed and rival financial services brand John Hancock being a decades-long sponsor.
According to the NHL, they look forward to continuing to work closely with Adidas over the next two years and to a smooth transition to the new authentic NHL uniform supplier.
Macau has seen its casino industry sales shrink by a whopping 95 percent following China’s rigorous zero-COVID-19 policy, setting an all-time low record ever since statistics were made available in 2009.
Burger King hasn't publicly acknowledged this significant change yet, and its not known how or if the chicken is any different on the new sandwiches.
The investment in 15 Seconds of Fame is a continuation of the NBA's commitment to embracing innovation and new technology.
Nike posts US$46.7 billion revenue for 2022, up 5% on-year
US sportswear giant Nike posted a US$46.7 billion revenue for the 2022 financial year, up five percent on-year.
It also pushed its net income up six percent on-year to $6 billion for the same period.
The Nike brand registered a $44.4 billion revenue, up five percent on-year, was driven by double-digit growth in the company’s direct sales platform, Nike Direct, though partially offset by wholesale revenue declines.
Meanwhile, Nike Direct's annual revenue increased 14 percent year-over-year to $18.7 billion, while Converse unit's annual revenue increased 6 percent to $2.3 billion.
Nike reported a total return to stockholders of almost $5.8 billion, up 12 percent from the previous year and including dividends of $1.8 billion.
Revenue for its North American operations rose seven percent on year to US$18.4 billion, with earnings before interest, taxes, depreciation, and amortization (EBITDA) at US$5.1 billion.
For Greater China, revenue for the year slipped nine percent to US$7.5 billion, while EBITDA dropped 27 percent to US$2.4 billion.
The revenue for the Europe, the Middle East, and Africa (EMEA) unit was US$12.5 billion, jumping nine percent on-year, as its EBITDA increased 35 percent to US$3.3 billion. The Asia-Pacific and Latin America unit's revenue and EBITA were US$6 billion, up 11 percent, and US$1.9 billion, up 24 percent.
John Donahoe, president and CEO of Nike, noted that their competitive advantages, including their innovative products and expanding digital leadership, prove that their strategy is working.