Tesco Group Plc and Carrefour have jointly announced that both plan to enter into a long-term, strategic alliance covering the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale. The companies said in a joint-statement that it will be governed […]

ANALYSISThe giant athletic apparel group warned late Thursday that hackers might have stolen personal information from its US website. Adidas is currently working with data security firms and law enforcement to remediate the hack’s damages. “Adidas today announced that it is alerting certain consumers […]

Usernames, passwords and contact information from shoppers who purchased from Adidas’ US website may be in the hands of an unauthorized party. The sportswear company informed in a statement that its system went through a security breach last week.The company stated that it is currently working with […]

Amer Sports Corporation announced through a statement that it has completed the acquisition of Peak Performance from IC Group. The company said, Peak Performance business will be consolidated into Amer Sports as of July 2, 2018 and that the acquisition will have a minor positive impact on Amer Sports' […]

INTERACTIVE Sportswear player Nike, Inc. recorded a revenue increase of 13 percent to 9.8 billion dollars in its fourth quarter, which the company said, was driven by strong double-digit revenue growth in international markets and Nike Direct globally, and a return to growth in North America. Diluted […]

Sales including VAT increased by 2 percent to 60,463 million Swedish krona (6,738.6 million dollars) in the second quarter. Sales including VAT in the six-month period amounted to 114,017 million Swedish krona (12,707 million dollars) against 113,907 million Swedish krona (12,695 million dollars). In […]

Austrian real estate company SIGNA Group announced in a press release that it has signed the contracts for the acquisition of kika/Leiner, Austria’s second largest furniture chain. In the news release, SIGNA detailed that the acquisition includes the operative retail business, with its approximately […]

Global Brands Group’s revenue for the year to March 31, 2018, increased by 3.4 percent to 4,023 million dollars, compared to last year. The company said , this increase was offset, by Coach taking their footwear business in-house when their license expired in June 2017, and the cessation of the Quiksilver […]

Differential Brands Group Inc. has entered into a definitive purchase agreement with Global Brands Group Holding Limited (GBG), to acquire a significant part of GBG’s North American licensing business, for a purchase price of 1.38 billion dollars. GBG's North America business is comprised of licensed […]

The John Lewis Partnership has said in a statement that its half year profits before exceptional items to be close to zero this year. For the full year, the company added, there are a wide range of possible outcomes, given the market uncertainty, but it is currently assuming that profits before exceptional […]

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