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Feb 14, 2013

Puma abandons sailing for running as profit sinks

FRANKFURT, Feb 14 (Reuters) – Sportswear firm Puma said it is pulling out of the sailing market to concentrate on other sports such as soccer and running to rebuild its flagging business, leaving an Americas Cup team seeking a new sponsor.

The German company, which on Thursday reported a 70 percent drop in its annual profit, is going through its biggest reorganisation in 20 years to restore the business and get its products back in fashion in the United States, Europe and China.

Feb 13, 2013

One-man bank keeps German village business running

GAMMESFELD, Germany (Reuters) – Peter Breiter, 41, is an unusual banker. Not for him the big bonuses, complicated financial instruments and multi-million deals.

He is happy instead writing transaction slips out by hand for the 500 inhabitants of the tiny southern German village of Gammesfeld.

Feb 5, 2013

Lufthansa halts Libya flights due to security worries

FRANKFURT, Feb 5 (Reuters) – Germany’s Lufthansa
and its subsidiary Austrian Airlines have halted flights to
Tripoli due to insecurity in Libya, a spokeswoman said on
Tuesday.

Lufthansa, which flew three times a week to Tripoli, resumed
flights to the Libyan capital in Feb. 2012 after rebels ousted
former Libyan leader Muammar Gaddafi in 2011. Austrian, bought
by Lufthansa in 2009, flew to Tripoli twice a week.

Jan 25, 2013

Tokyo in drive to win back radiation-wary German tourists

FRANKFURT (Reuters) – Two years after the Fukushima nuclear disaster, Japan is making a big push to win back German tourists, who are still avoiding the country because of concerns over radiation.

Visitor numbers from Germany, the world’s biggest spenders on foreign holidays in 2011, fell 35 percent between 2010 and 2011, and in 2012 did not recover as much as other markets, Tokyo tourism officials said in Frankfurt this week.

Jan 25, 2013

Tokyo in drive to win back radiation-wary Germans

By Victoria Bryan

(Reuters.com) – Two years after the Fukushima nuclear disaster, Japan is making a big push to win back German tourists, who are still avoiding the country because of concerns over radiation.

Visitor numbers from Germany, the world’s biggest spenders on foreign holidays in 2011, fell 35 percent between 2010 and 2011, and in 2012 did not recover as much as other markets, officials said in Frankfurt on Thursday.

Jan 24, 2013

Emerging markets lift Nivea-maker Beiersdorf’s sales

FRANKFURT, Jan 24 (Reuters) – Sales of Nivea creams and
lotions in emerging markets such as Brazil and Russia helped
German group Beiersdorf counter a weak climate in
Europe and post a 4.7 percent rise in full-year sales.

Emerging markets are a key battleground for European makers
of personal care and household goods seeking to make up for
stuttering growth at home.

Jan 23, 2013

TUI AG decides against making TUI Travel offer

FRANKFURT/LONDON Jan 23 (Reuters) – German travel group TUI
AG has decided against an offer for the rest of its
majority-owned British unit TUI Travel, saying it was not
attractive at current share prices and dashing hopes of a deal
to cut costs.

TUI Travel, Europe’s largest tour operator, said last week
it had received an approach regarding a potential nil-premium,
all-share merger with the German company, which owns 56.4
percent of its shares.

Jan 22, 2013

Germany’s Douglas says Christmas sales fall short of hopes

DUESSELDORF, Germany, Jan 22 (Reuters) – German retailer
Douglas Holding AG said Christmas sales fell short of
its expectations after consumers stayed away from stores until
the last minute, checking out deals online instead.

The comments from the seller of perfumes to jewellery
underscore the fiercely competitive nature of the holiday season
in austerity-hit Europe, marked by retailers fighting over
shoppers’ dwindling budgets with discounts and offers.

Jan 16, 2013

Metro to pull plug on Chinese electricals venture

FRANKFURT, Jan 16 (Reuters) – German retailer Metro
is to scrap its consumer electronics venture in China,
once trumpeted as an engine of future growth, after meeting
unexpectedly strong competition.

The decision is the latest setback for an international
retailer in the world’s most populous country, where groups like
Best Buy, Kingfisher and Home Depot have
struggled after underestimating local and online rivals.

Jan 11, 2013

Hugo Boss goes infra-red to beat luxury gloom

METZINGEN, Germany (Reuters) – German fashion house Hugo Boss (BOSSn.DE: Quote, Profile, Research) is feeling confident for 2013, even in crisis-hit Europe, thanks to some tricks it has up its well-tailored sleeve to entice customers and take more control over how its suits are sold.

Although the group foresees a slow start to 2013, it is optimistic for the rest of the year, Chief Financial Officer Mark Langer told Reuters in an interview.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
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