NKE Stock Rises Overnight: LVMH Scion Alexandre Arnault Joins Nike Board As Sportswear Giant Struggles To Turn Around
Arnault’s appointment adds luxury-brand expertise to Nike’s leadership as the company faces declining sales and a prolonged stock slump. Alexandre Arnault, deputy CEO of LVMH’s Moët Hennessy, joins Nike’s board. Nike Chair Mark Parker praised Arnault’s brand-building record, while Bill Ackman also welcomed the appointment. Nike faces ongoing challenges, with fiscal 2026 revenue down 2% … Read more