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Aug 2, 2012

Adidas fans fears of slowdown after Olympics boost

FRANKFURT (Reuters) – World No.2 sporting goods maker Adidas reported a slowdown in sales growth in China and Europe, fuelling fears that demand could fade after a summer of sporting events it expects will boost 2012 earnings towards the top of its target range.

Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), famed for its three stripe logo, also said on Thursday second-quarter sales at its Reebok brand slumped 26 percent after “commercial irregularities” at its Indian arm and the loss of a major American football contract.

Jul 31, 2012

Hugo Boss eyes 2012 profit miss as Asia slows

FRANKFURT, July 31 (Reuters) – German fashion house Hugo
Boss said full-year profit would fall short of
analysts’ expectations amid cooling demand from once
fast-growing Asian markets.

Asia’s hunger for high-end brands has shielded luxury
companies from the worst of the European slowdown, but with
China on track for its slowest full year of growth since 1999,
there are concerns over luxury sales.

Jul 26, 2012

Puma cuts sponsorships, products to battle Europe blues

FRANKFURT, July 26 (Reuters) – German sportswear maker Puma
will reduce the number of products it sells and cut
back on sponsorship deals in its biggest reorganisation in 20
years as it battles weak European markets it fears will get no
better anytime soon.

Puma, a distant third in terms of sportswear sales behind
Nike and Adidas, has been struggling to find
its feet after focusing too heavily on fickle fashion markets,
and last week warned 2012 profits would miss forecasts after its
core European customers held back on spending.

Jul 26, 2012

Style on a budget is key in European hotels battle

FRANKFURT, July 26 (Reuters) – Hotelier Dieter Mueller wants
to achieve a first by creating an international German hotel
chain that proves cheap can be so much more than cheerful in the
increasingly competitive budget sector.

With its promise of high design at low prices, Mueller’s
fast-growing Motel One chain has joined citizenM and B&B Hotels
as part of a new breed of hotels leading the charge on
established budget brands such as Travelodge, Whitbread’s
Premier Inn and Accor’s Formule 1.

Jul 13, 2012

Spotlight turns to output as Boeing wins show

FARNBOROUGH, England (Reuters) – The world’s dominant aircraft makers, Airbus and Boeing, left a rain-swept Farnborough Airshow without the order deluge some had predicted, but each claiming victories as they prepare to focus on delivering a huge jet backlog from a dwindling order boom.

Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) won 50 percent more firm orders than its arch-rival, including a $14.7 billion bulk buy from United Continental (UAL.N: Quote, Profile, Research, Stock Buzz) announced not at the show but in Chicago on Thursday, helping it recover ground after falling behind last year.

Jul 12, 2012

Major Boeing order to bring Farnborough Airshow to a close

FARNBOROUGH, England (Reuters) – Boeing Co will cap off a subdued Farnborough Airshow with a $9 billion order from United Airlines for 100 aircraft, as strong demand for its revamped 737 Max helped the U.S. planemaker claw back market share from its European rival Airbus.

The aerospace industry’s biggest event was a chance for Boeing to rack up some orders for its fuel-efficient 737 Max narrowbody, its answer to Airbus’s short-haul offering, the A320neo, which stole the show in terms of orders in 2011.

Jul 12, 2012

Major Boeing order to bring air show to a close

FARNBOROUGH, England (Reuters) – Boeing (BA.N: Quote, Profile, Research, Stock Buzz) will cap off the industry’s biggest event with a major order from United Airlines (UAL.N: Quote, Profile, Research, Stock Buzz), the U.S. planemaker said, expected to be for 100 aircraft valued at around $9 billion.

The Farnborough Airshow was a chance for Boeing to rack up some orders for its 737 Max narrowbody, its answer to the A320 neo from European rival Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) which stole the air show in terms of orders in 2011.

Jul 12, 2012

Airshow – Major Boeing order to bring air show to a close

FARNBOROUGH, England (Reuters) – Boeing (BA.N: Quote, Profile, Research) will cap off the industry’s biggest event with a major order from United Airlines (UAL.N: Quote, Profile, Research), the U.S. planemaker said, expected to be for 100 aircraft valued at around $9 billion.

The Farnborough Airshow was a chance for Boeing to rack up some orders for its 737 Max narrowbody, its answer to the A320 neo from European rival Airbus (EAD.PA: Quote, Profile, Research) which stole the air show in terms of orders in 2011.

Jul 11, 2012

Airbus encounters A350 wing drilling problems

FARNBOROUGH, England (Reuters) – Airbus has encountered problems in drilling holes in the wings on its new A350 passenger jet, helping to drive shares in parent EADS down on Wednesday as analysts reported signals that the glitches were taking longer than expected to resolve.

An Airbus spokeswoman quoted Didier Evrard, the head of the A350 programme, as saying on Wednesday there had been a delay of about four weeks in sorting out software for the robot at Broughton, Wales, that will drill the wings for the A350.

Jul 11, 2012

Suppliers face battle to meet plane order backlog

FARNBOROUGH, England, July 11 (Reuters) – While planemakers
are vaunting record order backlogs to draw attention from the
dearth of new deals at the Farnborough Airshow, their ability to
meet the demand on time rests on their suppliers, and it is far
from certain they will be able to cope.

U.S.-based Boeing and European rival Airbus
have orders for over 8,000 aircraft, enough to keep them busy
for the next six years, even without any new deals, and analysts
predict the industry must increase production rates by a huge 45
percent in volume by 2015 to cope with the demand.

    • 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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