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
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.