Nike Crowns a Luxury Insider: Alexandre Arnault Joins the Boardroom

Nike has named Alexandre Arnault, deputy chief executive of Moët Hennessy, to its board of directors. The company pointed to his standing for helping build iconic global brands as the reason for the seat. It's an unusual pairing on paper — spirits and champagne meeting swoosh and sneaker — but a logical one for a boardroom that prizes brand-building pedigree.

With reporting from Footwear News.