Nike, Versace to sell off sneakers, sandals for $4.2 billion

The fashion giant Nike has decided to sell its shoe business for $2.2-$3.2 trillion and to sell the shoes that are made for the high-fashion industry for $1.4-$2.9 billion.The sale will come after Nike was bought by a Chinese company, Adidas.Nike has said it plans to buy the footwear business to boost its profit margins.The deal is the largest deal

Read More