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Reuters - Il y a 2 semaines

Nike to drop use of kangaroo skins for its shoes in 2023

Nike to drop use of kangaroo skins for its shoes in 2023 March 14 (Reuters) - Nike said it will stop using kangaroo skins for its shoes this year, weeks after a similar step from German rival Puma, which would end a highly controversial practice that has drawn ire from consumers and animal rights activists. Sportswear giant Nike Inc NKE.N in a statement issued on Monday said it would debut a new line of Tiempo football boots, called the Tiempo Legend Elite, with a proprietary synthetic material

Reuters - Il y a 3 semaines

Adidas, burnt by Kanye West split, seeks a new focus

RPT-Adidas, burnt by Kanye West split, seeks a new focus Repeats Wednesday's story with no changes Yeezy split shows risk of celebrity partnerships Adidas was overly reliant on Yeezy brand, analysts say New CEO seeks to refocus on sports By Helen Reid LONDON, March 8 (Reuters) - Adidas ADSGn.DE , burnt by the end of its tie-up with the artist formerly known as Kanye West, needs a new focus but should think more tactically about fresh celebrity partnerships and not count so much on one personalit

Reuters - Il y a 3 semaines

Adidas, burnt by Kanye West split, seeks a new focus

Adidas, burnt by Kanye West split, seeks a new focus Yeezy split shows risk of celebrity partnerships Adidas was overly reliant on Yeezy brand, analysts say New CEO seeks to refocus on sports By Helen Reid LONDON, March 8 (Reuters) - Adidas ADSGn.DE , burnt by the end of its tie-up with the artist formerly known as Kanye West, needs a new focus but should think more tactically about fresh celebrity partnerships and not count so much on one personality, industry experts said.

Reuters - Il y a 3 semaines

Adidas boss eyes turnaround after Kanye West split

UPDATE 6-Adidas boss eyes turnaround after Kanye West split Split with Kanye West weighs on 2022 results Dividend set to fall to 0.7 euro/share CEO promises turnaround after predicted 2023 loss Adidas still deciding whether to repurpose Yeezy stock Updates share price, adds detail on China pop-up store By Alexander Hübner and Helen Reid HERZOGENAURACH, Germany/LONDON, March 8 (Reuters) - Adidas ADSGn.DE will slash its 2022 dividend, the sportswear maker said on Wednesday, after warning a split

Reuters - Il y a 3 semaines

Departure of CEO to cost Adidas 16 million euros

Departure of CEO to cost Adidas 16 million euros BERLIN, March 8 (Reuters) - The early departure of CEO Kasper Rorsted will cost Adidas ADSGn.DE nearly 16 million euros ($16.86 million), according to an annual report released on Wednesday. The Danish national, who left the German sportswear maker in November almost four years before the end of his contract, will receive a severance payment of 12 million euros.

Reuters - Il y a 3 semaines

Adidas CEO promises turnaround after costly Yeezy split

UPDATE 4-Adidas CEO promises turnaround after costly Yeezy split Split with Kanye West weighs on 2022 results Dividend set to fall to 0.7 euro/share from 3.3 euros/share CEO promises turnaround after predicted 2023 loss Adidas still deciding whether to repurpose Yeezy stock Adds new CEO comments, updates share price By Alexander Hübner HERZOGENAURACH, Germany, March 8 (Reuters) - Adidas ADSGn.DE will slash its 2022 dividend, the sporstwear maker said on Wednesday, warning a split with rapper an

Reuters - Il y a 3 semaines

Adidas to slash dividend to 0.70 euros per share after Kanye West split

Adidas to slash dividend to 0.70 euros per share after Kanye West split BERLIN, March 8 (Reuters) - Adidas ADSGn.DE said on Wednesday that it planned to slash its 2022 dividend to 0.70 euros ($0.7374) per share, after a year marked by losses resulting from its split from rapper and fashion designer Kanye West. The German sportswear maker said its executive and supervisory boards would recommend the dividend at a May 11 annual general meeting.

Reuters - Il y a 3 semaines

Puma Signs New Long-Term Partnership Jack Grealish

BRIEF-Puma Signs New Long-Term Partnership Jack Grealish March 6 (Reuters) - Puma SE PUMG.DE : GLOBAL SPORTS COMPANY PUMA HAS SIGNED A NEW LONG-TERM PARTNERSHIP WITH MOST EXPENSIVE BRITISH PLAYER EVER JACK GREALISH Further company coverage: PUMG.DE (Gdansk Newsroom)

Reuters - Il y a 4 semaines

From condoms to cosmetics, China sales grow as lockdowns end

UPDATE 2-From condoms to cosmetics, China sales grow as lockdowns end Updates share prices By Richa Naidu, Elisa Anzolin, Christoph Steitz and Jessica DiNapoli LONDON/MILAN/FRANKFURT/NEW YORK, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No.

Reuters - Il y a 4 semaines

From condoms to cosmetics, China sales grow as lockdowns end

From condoms to cosmetics, China sales grow as lockdowns end By Richa Naidu, Elisa Anzolin and Christoph Steitz LONDON/MILAN/FRANKFURT, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No.

Reuters - Il y a 4 semaines

Puma Expects To Grow Again In Greater China In 2023 - Press Conference

BRIEF-Puma Expects To Grow Again In Greater China In 2023 - Press Conference March 1 (Reuters) - PUMA SE PUMG.DE : WE WILL REACH REVENUE AND MARGIN TARGETS AT LATEST IN 2025 - PRESS CONFERENCE WE ASSUME AGAIN GROWTH IN GREATER CHINA IN CURRENT YEAR - PRESS CONFERENCE SO FAR GREATER CHINA REPRESENTS AROUND 5% OF OUR REVENUE, WE WANT TO INCREASE THAT - PRESS CONFERENCE OUR MARKET SHARE IN U.S.

Reuters - Il y a 4 semaines

European shares kick off March lower as BNP Paribas slides

UPDATE 2-European shares kick off March lower as BNP Paribas slides For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BNP Paribas falls as Belgian state reduces its stake Moncler jumps after annual sales beat forecasts Allfunds slides after Euronext pulls $5.8 bln offer Banks, utilities drag STOXX 600 down 0.7% Updates prices to close, adds details By Johann M Cherian, Shreyashi Sanyal and Bansari Mayur Kamdar March 1 (Reuters) - A fall i

Reuters - Il y a 4 semaines

Puma expects margin pressures to persist in 2023

UPDATE 3-Puma expects margin pressures to persist in 2023 Sees 2023 EBIT at 590 mln-670 mln euros FY EBIT up 15% to 641 mln euros (analyst: 644 mln) Q4 gross profit margin down to 44% Expects Greater China growth, U.S., China are "must-wins" Shares down 2% Adds comments from media conference, detail on markets, updates shares By Alexander Hübner and Linda Pasquini March 1 (Reuters) - German sportswear maker Puma PUMG.DE on Wednesday highlighted the pressures on its profit margins for the curren

Reuters - Il y a 4 semaines

Puma sees 2023 operating profit of 590-670 million euros

Puma sees 2023 operating profit of 590-670 million euros March 1 (Reuters) - German sportswear maker Puma PUMG.DE on Wednesday forecast 2023 operating profit around last year's level, as it expects currency effects and higher freight and raw material costs to again weigh on profitability. The company sees operating profit in a range of 590 million euros to 670 million euros ($626 million to $711 million), with currency-adjusted sales growth in high-single-digit percentage for the current year.

Reuters - Il y a 2 mois

European shares slump as rate hike fears intensify, Adidas weighs

UPDATE 2-European shares slump as rate hike fears intensify, Adidas weighs For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 down 1% Adidas slumps on profit warning Saab tops STOXX 600 on higher operating profit Energy stocks buck weak trend as oil prices rise Updates prices, adds comment By Ankika Biswas and Amruta Khandekar Feb 10 (Reuters) - European shares dropped on Friday, pressured by a jump in yields as investors grappled

Reuters - Il y a 2 mois

Adidas slumps as Kanye split triggers new profit warning

UPDATE 5-Adidas slumps as Kanye split triggers new profit warning Cost of unsold Yeezy inventory could wipe out profit Decision pending on whether to write off stock entirely Possibility of first loss since 1992 Shares fall as much as 12.6% Adds details, more CEO quotes, analysts By Alexander Hübner and Rachel More BERLIN, Feb 10 (Reuters) - Adidas ADSGn.DE shares slumped as much as 12.6% on Friday after the sportswear maker warned it could plunge to a loss this year for the first time in three

Reuters - Il y a 2 mois

Twelve German troops injured in crash of Puma fighting vehicles - army

Twelve German troops injured in crash of Puma fighting vehicles - army BERLIN, Feb 1 (Reuters) - Twelve German troops were injured when two Puma infantry fighting vehicles crashed during an exercise in a military training area in eastern Germany, the German army said on Wednesday. Military police were investigating the incident, a spokesperson for the army told Reuters.

Reuters - Il y a 8 mois

Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON, July 27 (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last. While some consumers are shielding themselves from price hikes by trading down to own label products, enough are spending more for McDonalds MCD.N to risk lifting the price of a cheeseburger in Britain for the first time i

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