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Mar 13, 2012

Time running out as watchmakers scramble for parts

BASEL, Switzerland, March 13 (Reuters) – Watch
companies are having to move fast to build in-house production
or alliances with Swiss makers of movements, dials and cases to
replace supplies being cut by Swatch Group and to satisfy rising
demand, experts said at an industry fair.

Specialist suppliers are being snapped up by larger players,
leaving smaller independent watch companies with fewer options
as Swatch, the world’s largest watchmaker and for
decades the main supplier of movements to the industry, cuts
deliveries to focus on its own brands.

Mar 9, 2012

Germans seek solace from hectic lives on spa breaks

BERLIN (Reuters) – Massages, steam baths and a rest from an increasingly busy lifestyle are drawing a growing number of Germans to spa breaks, one of the tourism sector’s fastest-growing segments.

Tour operators boast above-average growth in spa holiday bookings and see no end to demand as Germans, the world’s biggest spenders on holidays, add more short “wellness” trips close to home to their annual vacation schedule.

Mar 9, 2012

Travel groups look east for 2012 bright spots

BERLIN, March 9 (Reuters) – With a weak western
European economy, fear of political unrest in North Africa and a
cruise business hit by the Costa Concordia disaster, travel
groups are looking to eastern Europe, China and corporate travel
to brighten up 2012.

The United Nations World Tourism Organization (UNWTO)
expects global arrivals of international travellers to increase
by 3-4 percent this year, after a 4.4 percent increase to 980
million in 2011, with growth driven by emerging markets.

Mar 9, 2012

Costa Concordia could delay 2013 cruise bookings

BERLIN (Reuters) – Cruise bookings for next year could remain slow until the industry manages to dispel safety concerns after the Costa Concordia capsized off the west coast of Italy in January.

Cruise bookings tumbled after the Costa Concordia struck a rock near the Isola del Giglio and grounded on her side, killing at least 25 people and raising questions about the safety of the luxury cruise ship industry.

Mar 8, 2012

No quick revival seen for Egypt, Tunisia tourism

BERLIN, March 8 (Reuters) – Egypt and Tunisia are
unlikely to see tourism – a vital prop for their battered
economies – revive anytime soon as holidaymakers continue to
shun North African destinations a year after the “Arab Spring”
revolutions.

Bookings to the two countries collapsed last year after
popular uprisings across the Arab world toppled veteran rulers
in Tunisia, Egypt and Libya, and forced Yemen’s president to
sign away his powers.

Mar 8, 2012

Henkel keeps 2012 margin target as Q4 falls short

BERLIN (Reuters) – German consumer goods group Henkel (HNKG_p.DE: Quote, Profile, Research, Stock Buzz) stuck to its 2012 margin target despite posting quarterly results at the low end of market expectations, hurt by a slowdown in its adhesives business in Asia.

Henkel, whose consumer brands include Persil detergent in most of Europe and Schwarzkopf hair products, said on Thursday fourth-quarter adjusted earnings before interest and tax (EBIT) rose 12.3 percent year-on-year to 502 million euros ($658.7 million), compared with a forecast for 516 million.

Mar 7, 2012

Adidas outlook disappoints in Olympic year

FRANKFURT (Reuters) – German sportswear group Adidas stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a banner year for sports events with the Olympics and European soccer championships.

The company said on Wednesday sales growth would slow to 5-9 percent on a currency-neutral basis from the 13 percent reported for 2011. Analysts described this as a cautious move from a company that upgraded forecasts four times in 2011.

Mar 7, 2012

Adidas outlook disappoints in big sports year

FRANKFURT (Reuters) – German sportswear group Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a big year for sports events like the Olympics and European soccer championships.

The company said on Wednesday sales growth will slow to 5-9 percent on a currency-neutral basis from the 13 percent reported for 2011. Analysts described this as a cautious move from a company that upgraded forecasts four times in 2011.

Mar 7, 2012

Adidas sees sales up in big sports year

FRANKFURT, March 7 (Reuters) – German sportswear group
Adidas forecast sales growth of 5-9 percent in 2012,
saying emerging markets and big sporting events like the
Olympics and European soccer championships would help offset
uncertainty around consumer spending.

The world’s second largest sporting goods group behind Nike
grew sales and earnings to record levels in 2011, it
said on Wednesday, driven by demand for its three stripe
products in emerging markets in eastern Europe and China.

Mar 5, 2012

Airport battle splits Frankfurt as court date nears

FRANKFURT (Reuters) – Retired architect Christian Neunert never dreamed he would be taking part in protest rallies for the first time at the age of 71.

Yet on Monday evening, for the fifth week running, he will ignore his long-held view that only grungy tree-huggers take part in demonstrations, and travel with friends from his home in Mainz to Frankfurt airport to demand Europe’s third-busiest airport shrink in size.

    • 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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