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☆ As drinkers shift to spirits, Molson Coors acquires a bourbon maker
▼ + stars: | 2023-08-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told to CNN. It’s part of the company’s pivot to becoming a broader beverage company focusing on drinks beyond beer, especially since US spirit sales surpassed beer sales last year for the first time ever. Blue Run is a Kentucky-based startup that makes premium bourbon whiskeys with prices ranging from $100 to $250 for a bottle. Molson Coors is buying buzzy bourbon brand Blue Run for an undisclosed price. Molson Coors' whiskey and bourbon portfolio now consists of three brands.

Persons: Mike Montgomery, Molson, Devon McKinney, ” Montgomery, “, ”, it’s, Molson’s, Michelle St, Jacques, David Coors, Molson Coors, Blue, Lisa Hawkins Organizations: New, New York CNN, Molson Coors, Coors, CNN, Blue, Nike’s Air Force, Molson, Topo, Co, bourbons, Molson Coors Montgomery, Coors Spirits Co, “ Beer Locations: New York, Kentucky, Topo Chico, Montgomery, United States

☆ How Aimé Leon Dore Took New York
▼ + stars: | 2023-07-27 | by ( Jon Caramanica | More About Jon Caramanica | ) www.nytimes.com time to read: +2 min

He met Anthony Bigio, now vice president for design, when Mr. Bigio was designing custom Air Force 1s for clients at Nike’s Mercer Street location. Joe Bavasso, now ALD’s vice president for product, had a job at Todd Snyder but sought out Mr. Santis in hopes that ALD would sponsor his summer basketball team in the Rockaways. A few years ago, Mr. Santis discovered the New Balance 550, a low-top lifestyle sneaker, in an old New Balance catalog and revived it as a collaborative release with ALD. Since then, the 550 has become in “a staple iconic franchise for New Balance,” said Chris Davis, the New Balance chief marketing officer and senior vice president for global merchandising. “It was one of those phenomenons in sneaker culture that only comes around once every few years.”

Persons: David Z, Michael K, ravenously, Santis, Anthony Bigio, Bigio, Joe Bavasso, Todd Snyder, ”, Chris Davis Organizations: Air Force, Nike’s, Yankees, Mets, New, New Balance

☆ A former Nike runner says the company stopped paying her while she was pregnant and portrayed her as 'Miss America in a crop top'
▼ + stars: | 2023-04-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

Nike "takes great pride as a leader in supporting female athletes," the company said. Goucher's book also describes a persistently sexist culture at the Nike Oregon Project and says that Alberto Salazar, a celebrated distance runner and former Nike coach, sexually assaulted her. "My story helped sell shoes, shorts, T-shirts, and bras," Goucher wrote of her time as a Nike-backed runner. "In 2018 we standardized our approach across all sports to support all of our female athletes during pregnancy," Nike said in the statement. We know that Nike can continue to play an elevated role in supporting female athletes and improving their experience in sports."

☆ Nike faces shareholder proposal on human rights
▼ + stars: | 2023-03-31 | by ( Katherine Masters | ) www.reuters.com time to read: +3 min

NEW YORK, March 30 (Reuters) - Activist shareholder platform Tulipshare is calling on Nike (NKE.N) to offer more transparency on working conditions in its supply chain. In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments. The company’s most recently available impact report from fiscal 2021 cites forced labor, supply chain transparency and labor rights as some of its essential priorities. “Nike did not engage with garment worker unions representing Nike supply chain workers about those impacts, despite the OECD Guidelines’ expectation that multinational enterprises do so and despite unions’ requests for dialogue,” the complaint states. In a fiscal 2022 statement on forced labor, Nike said it is growing its business "through long-term relationships with suppliers that are committed to our strict standards of sustainability and human rights, product excellence and compliance with local laws."

☆ Nike outruns its competitors
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

Its challenges include unsold goods it has to shift, an 8% drop in year-on-year sales in China, and falling gross profit margins. Nike is nonetheless in a relatively enviable position. Nike is also sporting a five-year total shareholder return of 105%, where Adidas and Under Armour’s are both negative. Even with blips, that shows it has been a better long-term run for investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Kanye West blunder puts Adidas in play
▼ + stars: | 2023-03-15 | by ( Aimee Donnellan | ) www.reuters.com time to read: +4 min

After a disastrous breakup with the musician formerly known as Kanye West, the $28 billion sneaker maker is slashing dividends and heading for the first loss in decades. Last year, Adidas spent 12.3% of its 22.5 billion euros of revenue on marketing and similar expenses. If it were to return to the 13.9% it allocated in 2015, it would add 2 billion euros of extra costs over the next five years, Breakingviews calculations show. Swooping on Adidas would allow the U.S. athleisure giant to dominate sportswear by servicing women and men across a wide spectrum of categories. Shares in Adidas were down 2.4% at 144.50 euros by 0859 GMT on March 15.

☆ #BoycottHersheys spreads on Twitter over Women’s Day campaign
▼ + stars: | 2023-03-02 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Calls to boycott Hershey are spreading on Twitter in response to the chocolate company’s International Women’s Day Canadian campaign, which includes a trans woman. It’s the latest example of a brand generating a strong but mixed reaction to a promotional campaign that touches on cultural or societal issues. Fae Johnstone, a queer, trans and feminist activist, posted about being included in the Her for She campaign in a series of tweets on Wednesday. On Thursday, some used #BoycottHersheys to voice their opposition to the campaign — while others used it to criticize the critics. In this campaign, Hershey tapped five women, including Johnstone, who are activists in their fields.

☆ Disney names Nike executive Mark Parker as new chairman
▼ + stars: | 2023-01-11 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —The Walt Disney Company has named Nike executive chairman Mark Parker as its new board chair, replacing longtime director Susan Arnold, whose term limit is expiring. Parker, a Disney board member since 2016, takes over Disney’s board at a time of transition for America’s largest media company. Disney said among Parker’s qualifications as board chair is that he navigated a successful CEO transition at Nike. And Disney’s media networks are struggling as cord cutting accelerates and once lucrative outlets like ESPN lose viewership. She praised Parker for helping lead Disney through a difficult period for the company and the broader media industry.

☆ Nike’s Inventory Problem: Passing It Along
▼ + stars: | 2022-12-21 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

Nike said Tuesday that revenue on a currency-neutral basis was up 28% in its fiscal second quarter compared with a year ago. Nike not only scored big last quarter, but it also made some great strategic passes. There was a lot to like in Nike’s latest performance: The company said on Tuesday that revenue was up 28% on a currency-neutral basis in its fiscal quarter ended Nov. 30 compared with a year earlier. Impressively, its sales growth is only slightly behind that of Lululemon , which is growing off a revenue base that is just 14% of Nike’s. Net income was flat compared with a year earlier, much better than the 23% decline Wall Street was penciling in.

☆ Ben Affleck says Netflix's 'assembly line' approach to making quality films is
▼ + stars: | 2022-12-04 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Ben Affleck is sounding off on how movies are being made in today’s age of Netflix and other streaming platforms, which offer an ever-expanding glut of content. “[Netflix’s head of original films] Scott Stuber is a really talented, smart guy who I really like…but it’s an impossible job,” he added. There aren’t enough – you just can’t do it.”Affleck acknowledged that “there’s (a) bigger audience for action movies than there is for small dramas. As seen in Variety, Artists Equity already has a first project in production – a yet-to-be-titled drama about the beginnings of Nike’s incredibly popular Air Jordan sneaker brand. Written and directed by Affleck, the film stars Damon as the executive who landed the endorsement deal for the shoe with Chicago Bulls superstar Michael Jordan.

☆ Nike Cyber Monday deals start now: Shop the best discounted items
▼ + stars: | 2022-11-27 | by ( Bethany Heitman | Bethany Heitman Has Spent Over Fifteen Years Creating Engaging Content. She Is The Former Editor-In-Chief Of People Stylewatch | Has Held Senior Leadership Positions At Cosmopolitan | ) www.nbcnews.com time to read: +7 min

Black Friday may have passed, but Cyber Monday deals are in full swing. The Nike website is offering up to 60% off certain items, with an additional 25% off select styles when you use the code CYBER. From sneakers to leggings and beyond, Nike has a ton of highly rated items that are worth your consideration. Best Nike early Cyber Monday deals to shopTo recommend the best Cyber Monday deals from Nike, we looked for the types of products that Select readers have searched for in the past. Inspired by the popular Air Max models from the ‘80s, these women’s sneakers from Nike are intended for casual activities, such as strolling or lounging.

November marks Native American Heritage Month, and the following 10 LGBTQ+ Indigenous trailblazers are bringing important representation to TV, challenging traditional gender expectations at powwows and elevating issues affecting Indigenous people, such as the epidemic of missing and murdered Indigenous women. Tom Williams / CQ Roll Call via AP fileRep. Sharice Davids, a member of the Ho-Chunk nation, became the first LGBTQ Native American elected to Congress and one of the first Native American women to serve in Congress after winning her race for Kansas’ 3rd Congressional District in 2018. Scott, of Aurora, Colorado, who uses she and they pronouns, leverages her platform to highlight issues affecting the queer Indigenous community. “I just want to flood the industry with Indigenous people, Indigenous models, Indigenous stories, and Indigenous designers.”Kali Reis (KO)Kali Reis, who is Seaconke Wampanaak and Cape Verdean, is a trailblazing Indigenous two-spirit athlete who wears many hats. Native American Heritage Month invites non-Native folks in joining us in recognizing our histories and celebrating our communities.

☆ The Best Shoes for Standing All Day
▼ + stars: | 2022-10-29 | by ( ) www.wsj.com time to read: +6 min

By Leigh-Ann JacksonOn those busy work or travel days when you barely get a chance to sit, a comfortable pair of shoes can be your saving grace, keeping blisters and back pain at bay. The best stylish and comfortable shoes for womenSupportive slip-onsRothy’s footwear collection is known for its flexible and breathable knit fabrication, which comes in handy if you’ll be spending all day in a pair. The brand’s shoes already come standard with cushy layers of jute, cork, latex and suede lining in their footbeds. The best stylish and comfortable shoes for menOffice-ready pickThis Cole Haan option could quite possibly be the perfect workplace shoe, according to Peter Nguyen, Brooklyn, N.Y.-based personal stylist and founder of The Essential Man. “They have this knit fabric and cushioning that just wraps around your foot,” he says, and also appreciates the shoes’ terry-lined tongues and padded heels.

☆ Prosecutors say Michael Avenatti should get 17 years in prison for fraud scheme
▼ + stars: | 2022-10-12 | by ( Andrew Blankstein | Tim Stelloh | Andrew Blankstein Is An Investigative Reporter For Nbc News. He Covers The Western U.S. | ) www.nbcnews.com time to read: +2 min

LOS ANGELES — Convicted criminal and disgraced lawyer Michael Avenatti should serve 17½ years in prison after he pleaded guilty to bank fraud and tax offenses in California this year, federal prosecutors said Tuesday. The recommendation was included in a 303-page sentencing memo filed by the U.S. attorney's office for Central California. In the California case, Avenatti admitted pocketing millions of dollars that belonged to clients and lying to them about it, prosecutors said when he pleaded guilty in June. A sentencing memo filed by a lawyer for Avenatti asked for a maximum prison term of three years followed by three years of supervised release. In a separate case, Avenatti was convicted in February 2020 of extortion and other crimes after he threatened to ruin Nike’s reputation unless it agreed to pay him and his client millions of dollars.

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