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Jun 18, 2013

As PPR becomes Kering, Puma and Fnac problems remain

PARIS/FRANKFURT, June 18 (Reuters) – PPR turned
the page on its retail past and started a new life as a luxury
and sports brands group by renaming itself Kering at its annual
general meeting on Tuesday.

The company will now have to prove it can also change the
fortunes of Puma, its underperforming sportswear brand and
replicate in sports the success it has had in luxury goods.

Jun 18, 2013

As PPR becomes Kering, investors look for Puma promise

PARIS/FRANKFURT, June 18 (Reuters) – PPR seeks to
turn the page on its retail past and start a new life as a
luxury and sports brands group by renaming itself Kering at its
annual general meeting today.

Shareholders will be hoping the company, which bought German
sportswear maker Puma in 2007, will have credible ideas to turn
around the underperforming brand and replicate in sports the
success it has had in luxury.

Jun 5, 2013

Rush to lightweight cars boosts adhesive makers

BERLIN/FRANKFURT, June 5 (Reuters) – From Pritt stick in
school bags to Audi sports cars, adhesives have come a long way
since natural gums and resins, and new high-tech variations are
currently top of the list for carmakers as they seek ways to
make cars lighter and tougher.

For auto suppliers like Henkel, PPG and
Atlas Copco, providing tailor-made adhesives that can
absorb the shock of a crash and reduce rattles allows them to
push for higher prices – and make more profits.

May 24, 2013

Adidas and Puma take rivalry to European football final

FRANKFURT/LONDON (Reuters) – German sportswear makers Adidas and Puma renew their own decades-old rivalry when football teams Bayern Munich and Borussia Dortmund meet in Europe’s Champions League Final at Wembley on Saturday.

Adidas is the long-standing kit supplier to Bayern and owns a stake of around nine percent in the Bavarian club, while Puma became the sportswear partner of Dortmund a year ago.

May 24, 2013

Adidas and Puma take rivalry to European soccer final

FRANKFURT/LONDON, May 24 (Reuters) – German sportswear makers Adidas and Puma renew their own decades-old rivalry when soccer teams Bayern Munich and Borussia Dortmund meet in Europe’s Champions League Final at Wembley on Saturday.

Adidas is the long-standing kit supplier to Bayern and owns a stake of around nine percent in the Bavarian club, while Puma became the sportswear partner of Dortmund a year ago.

May 24, 2013

European football final adds new chapter to Adidas-Puma rivalry

FRANKFURT/LONDON (Reuters) – German sportswear makers Adidas and Puma will renew their own decades-old rivalry when Bayern Munich and Borussia Dortmund meet in the Champions League Final at Wembley on Saturday.

Adidas is the long-standing kit supplier to Bayern and owns a stake of around nine percent in the Bavarian club, while Puma became the sportswear partner of Dortmund a year ago.

May 24, 2013

European soccer final adds new chapter to Adidas-Puma rivalry

FRANKFURT/LONDON, May 24 (Reuters) – German sportswear makers Adidas and Puma will renew their own decades-old rivalry when Bayern Munich and Borussia Dortmund meet in the Champions League Final at Wembley on Saturday.

Adidas is the long-standing kit supplier to Bayern and owns a stake of around nine percent in the Bavarian club, while Puma became the sportswear partner of Dortmund a year ago.

May 15, 2013

TUI AG CEO shakes up group in drive for dividend

FRANKFURT, May 15 (Reuters) – German tourism group TUI AG’s
new chief is cutting costs, restructuring loss-making
resorts and cruise operations, and will boost cooperation with
unit TUI Travel in a shake-up aimed at resuming dividend
payments in 2014/15.

The plan, while called oneTUI and intended to cut overlaps
between the two, does not mean another attempt at a merger with
TUI Travel, Chief Executive Friedrich Joussen said on Wednesday.

May 14, 2013

Puma warns on profit as Europe, China stutter

FRANKFURT, May 14 (Reuters) – Trainers and sportswear maker
Puma SE warned of shortfalls in sales and profit on
Tuesday as its performance faltered in Europe and China,
highlighting the challenge in store for its new chief executive.

The group is undergoing its biggest reorganisation in 20
years after suffering a 70 percent drop in net profit last year
and last month hired a new chief executive from Danish jeweller
Pandora to inspire its recovery.

May 3, 2013

Adidas profit margin hits record as pricey sneakers fly

FRANKFURT, May 3 (Reuters) – Germany’s Adidas
posted its highest-ever gross profit margin as the sale of
higher-priced products through its own stores and a new running
shoe helped offset weak consumer spending in Europe and problems
at Reebok.

Despite a 2 percent fall in sales in the first quarter, with
fewer big sporting events than the year before, operating profit
at the world’s second-largest sports apparel maker behind Nike
rose by a greater-than-expected 8 percent to 442 million
euros ($578 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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