Federica Marchionni was forced out as chief executive of Lands’ End, capping a tumultuous 19 months on the job in which she tried to fashion broad changes at the catalog retailer that roiled employees and turned off shoppers.
A consulting-firm study painted a bleak picture of the Swiss watch industry. The survey found that 82% of watch executives expect a negative outlook for the coming year, up from 41% in 2015 and 19% in 2014.
The National Basketball Association’s Philadelphia 76ers on Monday became the first organization among the four major U.S. sports leagues to invest in teams that compete at videogames, a hot area attracting major advertisers and talent with ties to traditional sports.
Billionaire Wang Jianlin is in discussions to acquire control of Dick Clark Productions at a valuation of up to $1 billion through his Dalian Wanda Group Co., according to people with knowledge of the situation.