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Jan 29, 2014

Grappling German grammar, Eddie Izzard proves humor can travel

BERLIN (Reuters) – If anyone wants to know the German for “weasels covered in gravy”, then comic Eddie Izzard, who unlike some of his countrymen is a lover of all things European, is the go-to man.

The stand-up, already known for doing shows in French, is bringing his Force Majeure tour to audiences in German, Spanish, Russian and Arabic – all languages he doesn’t actually speak. Until now.

Jan 24, 2014

Aircraft finance on cloud nine as new money pours in

DUBLIN (Reuters) – Crisis, what crisis? The good times are rolling in the aircraft finance industry as yield-hungry investors gamble on growing demand for air travel, banishing recent jitters over funding.

Despite new concerns over emerging markets that mounted on Friday, an annual gathering in Dublin this week attracted record numbers of lawyers, bankers and lessors who keep the $100 billion a year jetliner industry aloft with funding.

Jan 16, 2014

Nivea-maker Beiersdorf extends CEO’s contract as sales revive

FRANKFURT, Jan 16 (Reuters) – Germany’s Beiersdorf
, the maker of Nivea skin care creams, said it was
extending its chief executive’s contract after his turnaround
strategy led the group to its highest level of underlying sales
growth in five years.

Beiersdorf, which also makes La Prairie luxury face creams
and Labello lip balms, reported 2013 sales of 6.14 billion euros
($8.4 billion), a 7.2 percent jump and its fastest growth since
2008.

Jan 13, 2014

Etihad chief says will not be rushed on Alitalia decision

BERLIN (Reuters) – Etihad will not be rushed into making a decision over an investment in struggling Italian airline Alitalia CAITLA.UL, the chief executive of the Abu Dhabi-based airline said on Monday.

“There are no plans to make any announcement at the end of this month,” James Hogan told journalists at an event with Air Berlin in the German capital.

Jan 9, 2014

H&M lines up to compete in booming sportswear market

BERLIN/FRANKFURT, Jan 9 (Reuters) – Hennes & Mauritz
, the world’s second-biggest clothing retailer, is
launching a new sportswear line with the help of Sochi-bound
Swedish Olympians in a bid to outpace discounters like Primark
that are snapping at its heels.

The global sportswear market will grow more than 7 percent
in 2014, outpacing 5.8 percent growth for broader apparel,
according to Euromonitor. H&M hopes that by muscling into a
market seen to be worth $220 billion this year it can move away
from the cut-throat budget fashion area and towards
higher-margin products could help it copy the success of
Inditex’s mid-market fashion chain Zara.

Dec 18, 2013

TUI AG returns to dividends as restructuring continues apace

HANOVER, Germany, Dec 18 (Reuters) – German travel and
tourism group TUI AG said more work was needed to
turn around underperforming cruise and hotels businesses as it
targets underlying profit of 1 billion euros ($1.4 billion) in
two years’ time.

The company, which reported underlying earnings before
interest tax and amortisation (EBITA) for the year to
end-September up 2 percent, also said it would pay a 0.15 euro
per share dividend, the first since 2007, sending its shares to
a five-year high.

Dec 6, 2013

Nike and Adidas square off for Brazil World Cup in ongoing brand battle

FRANKFURT (Reuters) – In Brazil’s World Cup stadiums next summer, soccer teams from around the globe will battle for the famous golden trophy.

At the same time, another fight for global supremacy will be taking place – as Adidas takes on Nike in the next round of their tussle to be the world’s biggest sports brand.

Dec 3, 2013

Adidas says soccer, running will help it hit 2015 targets

FRANKFURT (Reuters) – German sporting goods maker Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) is counting on soccer, running and a host of new shirts and shoes to help it achieve profit and sales growth in 2014 and hit its 2015 goals, the company said on Tuesday.

Adidas, the world’s second largest sportswear maker behind Nike (NKE.N: Quote, Profile, Research, Stock Buzz), is aiming to increase sales to 17 billion euros in 2015 and increase its operating profit margin to 11 percent that year, compared with 11 billion and 7.5 percent in 2010.

Nov 26, 2013

Hugo Boss drops 2015 profit target on China slowdown

FRANKFURT (Reuters) – German fashion house Hugo Boss (BOSSn.DE: Quote, Profile, Research, Stock Buzz) has abandoned its 2015 profit target, joining the ranks of luxury goods companies warning of slowing sales growth in China.

China has been the engine of the luxury goods industry in recent years, but a weakening in economic growth there, coupled with a crackdown on bribery, has tempered demand this year.

Nov 8, 2013

New Puma CEO seeks to return company to sporting roots

HERZOGENAURACH, Germany (Reuters) – Germany’s Puma (PUMG.DE: Quote, Profile, Research, Stock Buzz) will return to its sporting roots to restore growth to the struggling brand whose profits crashed 70 percent last year, the group’s new chief executive said.

Puma ranks a distant third in the sports apparel industry behind Nike (NKE.N: Quote, Profile, Research, Stock Buzz) and Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) and CEO Bjoern Gulden’s turnaround plan breaks with the company’s efforts over two decades under former chief Jochen Zeitz to strike a chord with fashion-led consumers.

    • 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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