Century-old Australian shoe brand Wittner is set to be sold to a national shoe retailer after it buckled to rising costs and called in administrators earlier this year.

The voluntary administrators have entered into a period of exclusivity with The Shoe Group for the sale of most of the iconic retailer.

TSG owns and manages 13 retail brands such as Spendless Shoes, Jo Mercer, Novo, Olympus, Everflex and Wild Rhino. It is a privately owned Australian company which manages an extensive store network as ...

Novo Nordisk, the maker of blockbuster weight loss drug Wegovy, said Friday its CEO was stepping down by "mutual agreement" with the company's board of directors, citing "recent market challenges ...

Danish pharmaceutical giant Novo Nordisk is saying goodbye to its chief executive amid growing competition for its blockbuster weight loss drugs Wegovy and Ozempic. Lars Fruergaard Jørgensen ...

Novo Nordisk confirmed it is now seeking a successor for Jørgensen, but these are big shoes that need filling. As Novo notes, "during his eight-year tenure as CEO, Novo Nordisk's sales ...

Novo Nordisk announced Friday that it would part ways with its longtime CEO, who steered the company into an unprecedented boom time for weight-loss drugs. The Ozempic maker’s chief executive, ...

Despite Novo Nordisk's stock decline, the company's competitive position is strengthening, driven by strong sales growth in Wegovy, Ozempic, and rare diseases. Eli Lilly's oral weight-loss drug ...

Ltd. (Novo Nordisk), a global healthcare company committed to driving change in chronic diseases, has announced the delivery of unique shoes, produced in collaboration with renowned Thai shoe ...

Novo Nordisk on Wednesday managed the unusual feat of seeing its stock price rise after reducing its earnings outlook. But that’s reflective of the tough times the Danish maker of Ozempic and ...

U.S.-listed shares of Novo Nordisk (NVO) are jumping in premarket trading Wednesday even as the Danish pharmaceutical giant lowered its full-year outlook. The maker of blockbuster weight-loss ...