Publishing giants Random House and Penguin Group will be merged after an agreeme...

by Chris Saunders , FTI Consulting

  • Publishing giants Random House and Penguin Group will be merged after an agreement was reached between respective owners Bertelsmann and Pearson, the groups have today (29 October) confirmed.
  • Mark Parker, Nike's chief executive, has labelled the company's decision to sell-off Manchester-based Umbro to US clothing company Iconix Brand Group for $225m (£139m) as "difficult".