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Lefaso denies rumours of Nike moving production

Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso), has denied social media rumours that Nike plans to move some of its production out of Vietnam to China and Indonesia.


Rumours that Kering to sell Puma brand

Shares in Puma jumped more than 115 points on November 3, with three traders citing talk of a bid for French group Kering's 86% stake in the German sportswear company reports the Economic Times. Kering own several luxury brands such as Gucci and Yves Saint Laurent.