NYSE:NKELuxury
Nike Restructuring Under Elliott Hill Tests Turnaround And Profitability Hopes
Nike, Inc. (NYSE:NKE) has launched a major restructuring under CEO Elliott Hill as part of its broader "Win Now" turnaround program.
The company expects about $300 million in pre tax charges, largely related to employee severance, as it reshapes its organization.
The changes are aimed at realigning costs, supporting growth investments, and strengthening Nike's competitive position.
Nike is making these moves at a time when the stock has faced pressure, with NYSE:NKE down 9.3% over the past...