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Nike appoints new VP of global apparel
Nike has promoted Reenie Benziger to VP of its global apparel business. Benziger moves from her current role as VP/GM of global young athletes.
“Reenie’s deep consumer knowledge and experience in the global apparel industry will continue to position Nike as an innovative brand with consumers,” said Jeanne Jackson, president of product and merchandising.
Carl Grebert, a 17-year Nike veteran, replaces Benziger as VP/GM of global young athletes. Grebert most recently served as VP/GM of Nike Japan. -
E.U. ends tax breaks that benefit Starbucks, Apple
Brussels – Major multinational retailers such as Starbucks and Apple will have to start paying higher taxes in Europe, thanks to a move by the European Union (E.U.) to end certain tax breaks it has now defined as “state aid,” which is prohibited by E.U. bylaws. These breaks, which member nations including Ireland, Luxembourg, and Netherlands have used to allow some types of profit to be classified as tax-deductible debt, had come under fire from other E.U. nations and the U.S.