At its Investor Day held in Germany, the Adidas Group unveiled its new strategic business plan until the year 2020, which aims at further accelerating growth by significantly increasing brand desirability. “This is expected to ...
Tags: Adidas, new business plan, Adidas Neo
Japan-based Mitsui has announced an agreement to acquire 15% stake in Turkey’s integrated packaging manufacturer Sarten Ambalaj Sanayi ve Ticaret. In a statement, Mitsui said that it will acquire the stake after accepting a ...
At its Investor Day in Herzogenaurach, the Adidas Group presented its new strategic business plan called "“Creating the New,” designed to accelerating growth significantly. Revenues are projected to increase at a ...
Tags: Adidas Group, Speed, Sporting Goods
Driven by its wholesale business, for the fiscal year ended January 31, 2015, net sales at apparel marketer and NASDAQ listed G-III Apparel Group surged 23 per cent year over year. Net sales for the fiscal year ended January 31, 2015 ...
Tags: G-III Apparel Group, Apparel
US based Ketchup maker Heinz has signed a definitive merger agreement with Kraft Foods to form a new company, Kraft Heinz, to become the third largest food and beverage firm in North America and potentially fifth largest in the world. ...
Scott and Scott is claiming that the supermarket giant’s overstatement of its profits last year, caused a “permanent destruction of value to shareholders.” Tesco is facing potential legal action from UK shareholders ...
Tags: Tesco, Supermarket giant, Toys
H.J. Heinz and Kraft Foods Group have announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company. The merger will form the third largest food and beverage company in North America and the ...
Tags: Heinz, Merge, food and beverage company
Columbia Sportswear Company's board of directors voted to expand the board to 11 members from 10 previously and elected banker Malia H. Wasson to serve in the newly-created position, effective March 19, 2015. The board also nominated ...
Tags: Columbia, shareholders, Sporting Goods
Although logistics division sales expanded by a massive 66 per cent, overall sales at Li & Fung rose marginally by just 1.4 per cent for the period ended December 31, 2014. Li & Fung said total sales grew 1.4 per cent to US $19,288 ...
Tags: Li&Fung Sales, Global Brands, Apparel
Goodman Fielder CEO departs as sale to Asian giants settles It was announced today that Scott Weitemeyer will be appointed Managing Director and Chief Executive Officer of Goodman Fielder, replacing Chris Delaney. The announcement ...
Tags: ASX delisting, First Pacific, Food
Li Ning widened its loss in 2014 to RMB743.5 million ($125 mm) from RMB359.4 milion a year ago. Revenues rose 15.6 percent to RMB6.73 billion ($1.13 bn) from RMB5.82 billion. Li Ning warned in January that it expected to post a loss for ...
Tags: Li Ning, growth phase, Sporting Goods
Spain based Inditex Group, which has notable fashion brands like Zara in its portfolio, said its sales in the twelve months to January 31, 2015, rose 8 per cent year over year. Sales in fiscal 2014 grew 8 per cent from the previous fiscal ...
Tags: fashion brands, apparel market
DSW Inc. reported earnings on an adjusted basis rose 13 percent to $30.9 million, or 35 cents a share, exceeding its guidance calling for earnings between 21 and 31 cents a share. Comparable sales increased 7.6 percent. Highlights: ...
Tags: DSW Inc, sales growth
The European Commission (EC) has given its approval for the acquisition of Austria-based Constantia Flexibles by French investment group Wendel Group for €2.3bn ($2.8bn). Constantia Flexibles specialises in producing foil, paper ...
Tags: Constantia Flexibles, plastic-film packaging, packaging
China's $40 billion Silk Road Fund will be operated under a market-oriented approach and the projects it plans to invest in will not be limited to countries along the "One Belt, One Road" route, the fund's chairperson said on Thursday. ...