European Retail Correspondent, Zurich
Emma's Feed
May 19, 2014
May 15, 2014

Media-Saturn founder says bids to buy back chain from Metro

BERLIN/DUESSELDORF, May 15 (Reuters) – Erich Kellerhals, the
minority owner and founder of Media-Saturn Holding GmbH, has
made a new offer to buy back Europe’s biggest electronics chain
from German retailer Metro AG, alongside other
investors, he was quoted as saying on Thursday.

“We have thoroughly calculated and worked everything out,”
the billionaire was quoted saying by the Sueddeutsche Zeitung
daily in an interview. “Funding is not the issue, particularly
since I have interested investors.” He did not say who the
investors were.

May 15, 2014
May 15, 2014
May 15, 2014
May 15, 2014
May 14, 2014
May 14, 2014
May 14, 2014
May 14, 2014

Refocused Puma eyes sporting chance of turnaround

BERLIN (Reuters) – Germany’s Puma (PUMG.DE: Quote, Profile, Research, Stock Buzz) is banking on this summer’s World Cup soccer tournament and a renewed focus on its technical sportswear to counter currency effects that prompted the company to trim its profit margin forecasts on Wednesday.

Early sales of shirts for the eight teams Puma is sponsoring at the World Cup – including Italy, Chile and Ghana – helped to slow sliding sales in the first quarter. But like many European businesses that rely on overseas sales in foreign currencies, Puma’s profitability is being squeezed by the relative strength of the euro.