BERLIN, Feb 19 (Reuters) – The board of Adidas
has launched a formal search for a successor to Chief Executive
Herbert Hainer who has faced criticism as the German sportswear
company has lost ground to U.S. rival Nike.
Hainer, 60, in the job since 2001 and the longest-serving
CEO of a German blue-chip company, wrote to staff confirming the
move after Manager Magazin reported the world’s second-biggest
sportswear group was looking for his successor.
BERLIN, Feb 16 (Reuters) – Puma predicted a strong
U.S. dollar and currency fluctuations would weigh on earnings
this year after the German sportswear company suffered a
surprise loss in the last three months of 2014.
Puma promised to take steps including price increases to
blunt this impact, meaning it should be able to achieve a slight
increase in core earnings and net profit in 2015.
BERLIN, Feb 12 (Reuters) – Europe’s largest dedicated online
fashion retailer Zalando smashed fourth-quarter profit
forecasts as it reined in marketing spending and grew sales.
Management board member Rubin Ritter told a conference call
for journalists that Zalando had rushed out preliminary figures
ahead of full results due on March 5 because they significantly
exceeded market expectations.