LVMH’s Arnault joins Nike board as sportswear giant set to lose S&P 100 spot

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LVMH’s Arnault joins Nike board as sportswear giant set to lose S&P 100 spot

The son of LVMH billionaire Bernard Arnault has been appointed to Nike’s board of directors a week after it was announced the sportswear giant will lose its S&P 100 spot. Alexandre Arnault, currently deputy chief executive of LVMH’s wines and spirits division, will hope to help the US apparel firm stem a trend of share [...]