European Retail Correspondent, Zurich
Emma's Feed
Aug 7, 2014

Adidas spending on marketing, stores to hit margins

BERLIN (Reuters) – Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), the world’s second-biggest sportswear firm, cut its profit margin target for 2014 on Thursday, saying it would increase spending on marketing and an expansion of its own-run stores a week after it issued a profit warning.

The German group is now targeting an operating margin of 6.5-7.0 percent for 2014, from a previous 8.5-9.0 percent and down from 8.7 percent in 2013, excluding goodwill impairments.

Aug 6, 2014

Walgreen to keep U.S. tax domicile after buying Alliance Boots

Aug 6 (Reuters) – U.S. retailer Walgreen Co said it
would not use a full takeover of Europe’s biggest pharmacy
chain, Alliance Boots, to move its domicile overseas,
following fierce criticism of such tax-cutting deals at home.

Walgreen will buy the 55 percent it does not already own of
Alliance Boots for 3.13 billion pounds ($5.3 billion) in cash
and 144.3 million shares, giving a total deal of about $15
billion.

Aug 6, 2014
Aug 6, 2014

Walgreen to keep U.S. tax domicile as buys Alliance Boots

By Emma Thomasson

(Reuters) – U.S. retailer Walgreen Co (WAG.N: Quote, Profile, Research, Stock Buzz) won’t use a full takeover of Europe’s biggest pharmacy chain Alliance Boots [ABN.UL] to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home.

Walgreen said it would exercise an option to buy the 55 percent it does not already own of Alliance Boots for 3.13 billion pounds ($5.3 billion) in cash and 144.3 million shares, giving a total value for the deal of about $15 billion. It took a 45 percent stake in 2012 and was expected to buy the rest.

Aug 6, 2014
Aug 6, 2014
Aug 5, 2014

Nike has most Europe football deals, Adidas the most lucrative – study

BERLIN (Reuters) – U.S. sportswear group Nike will supply shirts to more teams in the top five European football leagues this season than Adidas, but the German firm has cornered the most lucrative clubs, a study showed on Wednesday.

Sports marketing research group Repucom said Nike had outpaced Adidas in Europe for the first time since the 2009/10 season to supply 26 of the region’s top clubs, up five compared with last year. Adidas is supplying 18, down four from last year.

Aug 5, 2014

Nike has most Europe soccer deals, Adidas the most lucrative: study

BERLIN (Reuters) – U.S. sportswear group Nike will supply shirts to more teams in the top five European soccer leagues this season than Adidas, but the German firm has cornered the most lucrative clubs, a study showed on Wednesday.

Sports marketing research group Repucom said Nike had outpaced Adidas in Europe for the first time since the 2009/10 season to supply 26 of the region’s top clubs, up five compared with last year. Adidas is supplying 18, down four from last year.

Aug 4, 2014
Aug 4, 2014