LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Adidas will launch mass production of running shoes at a German factory operated largely by robots next year and plans to open a similar plant in the United States next year, the company said on Tuesday.
Adidas AG, the German sport-shoe maker, forecast an increase in earnings this year as consumers spend more, making it easier to sell higher-priced goods and offset rising costs.
Adidas AG raised its outlook for 2016 amid growth at its Reebok brand and a stronger order book.
BoF compiles the most important professional moves of the week.
A German factory operated largely by robots will make its first 500 pairs of running shoes for Adidas early next year as the sportswear company seeks to cut labour costs and speed up delivery to fashion-conscious consumers.
Adidas chief executive officer Herbert Hainer said he’s exploring the sportswear maker’s portfolio to establish which units fit with long-term plans, as his strategy comes under the spotlight by shareholders known as agitators for change.
Adidas chief executive officer Herbert Hainer said he’s exploring the sportswear maker’s portfolio to establish which units fit with long-term plans, as his strategy comes under the spotlight by shareholders known as agitators for change.
Adidas AG reported third-quarter earnings that topped analysts’ estimates as the German sportswear maker sold more sneakers in western Europe and China.
As Adidas AG’s search for a new leader enters its eighth month, some investors say that only an outsider can provide the shakeup the sportswear maker needs to close its longstanding gap with Nike Inc.
Adidas is underlining its commitment to struggling brand Reebok by stepping up a major marketing campaign that returns it to its roots in the personal fitness business.
German sporting goods company Adidas is not experiencing any slowdown in China, said chief executive Herbert Hainer upon his return from a trip to the Asian country.
Adidas will seek buyers for some or all of the company’s TaylorMade business. But it must determine what the money-losing asset is worth and who’d want it at a time when golf’s popularity has ebbed.
Adidas AG reported profit that missed analysts’ estimates as the maker of Lionel Messi soccer cleats couldn’t match demand spurred by last summer’s World Cup.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.