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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.

May 9, 2012

Henkel eyes more price rises as glues improve

FRANKFURT, May 9 (Reuters) – German consumer goods company
Henkel said more price increases would help it meet
its 2012 guidance as it reported a slow return to sales growth
at its adhesives unit in the first quarter.

While industrial adhesives were a bright spot for companies
such as Henkel and local rival Beiersdorf last year,
Henkel in March said its adhesives business was slowing as
customers in China used up stock.

May 3, 2012

Retailer Metro posts loss after spending big to counter austerity

FRANKFURT, May 3 (Reuters) – Germany’s Metro, the
world’s fourth largest retailer, slipped into a loss at the
start of the year as it invested in new products and services to
encourage cash-strapped shoppers in Europe to part with their
cash.

Metro, which runs cash & carries, hypermarkets, consumer
electronics and department stores, on Thursday reported an
operating loss of 9 million euros ($11.8 million)for the first
three months of 2012, confounding expectations for a profit of
almost 50 million.

Apr 30, 2012

Adidas ups 2012 goals as it trumps rivals in China

FRANKFURT (Reuters) – Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), the world’s second-biggest sporting goods company, raised its 2012 profit forecast after outperforming rivals Nike and Puma in the key Chinese market as shoppers there snapped up its trademark three-stripe sneakers.

Adidas shares jumped to a record-high on the news, as investors brushed aside the German company’s warning that “commercial irregularities” at its Reebok unit in India could cost it almost 200 million euros ($265 million).

    • 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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