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Jul 9, 2012

Boeing lands first blow at airshow

FARNBOROUGH, England, July 9 (Reuters) – U.S. planemaker
Boeing landed the first blow at this week’s Farnborough
Airshow, winning an order worth up to $7.2 billion from U.S.
lessor Air Lease, as a market share battle with its
European rival Airbus plays out.

Boeing said on Monday under the grey skies of a typically
unsettled British summer that the order was for 75 of its
fuel-efficient 737 Max jets – a model that is key to its
attempted fightback against Airbus’s rival A320neo short-haul
aircraft.

Jul 4, 2012

Puma seeks motorsport niche in tough China market

DORTMUND, Germany, July 4 (Reuters) – As sports apparel
groups from Li Ning (2331.HK: Quote, Profile, Research) to Nike (NKE.N: Quote, Profile, Research) struggle in a
Chinese market flooded with sneakers, t-shirts and sports
jackets, Germany’s Puma (PUMG.DE: Quote, Profile, Research) sees clothing linked with
motorsport teams as a way to skirt the challenges there.

“We have to be clever, to find our niche,” Puma Chief
Executive Franz Koch told Reuters in Dortmund on Wednesday.

Jun 20, 2012

Nike, Adidas lead suppliers’ battle for gold

HERZOGENAURACH, Germany/LONDON (Reuters) – U.S. market leader Nike and German rival Adidas are locked in their own Olympic battle to boost athletes’ performance and squeeze maximum value out of next month’s Games in London.

The Games provide a showcase for new fashions and advances in technology which sportswear suppliers hope will drive sales at a time of economic turmoil in many of their markets.

Jun 20, 2012

Nike, Adidas lead suppliers’ battle for Olympic gold

HERZOGENAURACH, Germany/LONDON (Reuters) – U.S. market leader Nike(NKE.N: Quote, Profile, Research) and German rival Adidas(ADSGn.DE: Quote, Profile, Research) are locked in their own Olympic battle to boost athletes’ performance and squeeze maximum value out of next month’s Games in London.

The Games provide a showcase for new fashions and advances in technology which sportswear suppliers hope will drive sales at a time of economic turmoil in many of their markets.

Jun 20, 2012

Olympics-Nike, Adidas lead suppliers’ battle for gold

HERZOGENAURACH, Germany/LONDON, June 20 (Reuters) – U.S.
market leader Nike and German rival Adidas
are locked in their own Olympic battle to boost athletes’
performance and squeeze maximum value out of next month’s Games
in London.

The Games provide a showcase for new fashions and advances
in technology which sportswear suppliers hope will drive sales
at a time of economic turmoil in many of their markets.

May 31, 2012

Puma CEO eyes soccer over Bolt in 2012 sales race

LONDON, May 31 (Reuters) – German sportswear company Puma
is banking more on soccer than Usain Bolt to help it
to weather the European economic storms in a bumper summer of
sport, CEO Franz Koch said on Thursday.

Puma, the world’s number three sports apparel firm, has made
a sluggish start to the year and is exposed to the fallout from
the euro zone debt crisis in its largest region.

May 30, 2012

Booker snaps up Metro’s UK cash & carries

LONDON/BANGALORE, May 30 (Reuters) – British group Booker
is to buy the loss-making British cash & carry
operations of German retailer Metro, giving it more
customers and products and taking a long-running problem off
Metro’s hands.

For Booker, which focuses on caterers and independent
retailers, the 140 million pound ($219 million) cash and share
deal will expand its reach with the hotels, restaurants and
small and medium-sized businesses that are the usual customers
of Makro UK.

May 23, 2012

Mexico seeks new tourists despite drug wars

FRANKFURT (Reuters) – Mexico is relying on travelers from countries like Russia and Brazil to boost its tourism numbers this year after the drug war plaguing the country deterred U.S. visitors, its largest source of tourists.

The number of international tourists arriving on flights is expected to rise between 9 and 10 percent this year from the 22.7 million in 2011, Tourism Minister Gloria Guevara told Reuters in an interview in Frankfurt.

May 17, 2012

Berlin airport opening delayed to March

FRANKFURT, May 17 (Reuters) – The opening of Berlin’s new
airport has been pushed back nine months to March 17 after
problems with fire safety systems, dealing an embarrassing blow
to the German capital and angering airlines.

Manfred Koertgen, the airport’s managing director for
technical issues, has been sacked and will leave the role on
June 1, Berlin mayor Klaus Wowereit told reporters on Thursday.

May 10, 2012

TUI AG narrows loss as tourists return to N Africa

FRANKFURT (Reuters) – German travel and tourism group TUI AG said demand for holidays in North Africa was recovering, as it reported a smaller than expected second-quarter loss.

“The situation in Tunisia is especially encouraging, but we are seeing some pick-up in Egypt too,” Chief Financial Officer Horst Baier told analysts on Thursday.

    • 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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