Adidas Foresee Loss of £1 billion
The sportswear giant Adidias is foreseeing losses after ending its partnership with rapper Kanye West following his antisemitic comments last November. The company expects lose...
Tag : adidas
PUMA GEARS UP FOR DOUBLE DIGIT GROWTH
Puma has the potential to double its sales to more than €10 billion, equivalent to over $11.5 billion, in the longer term. Puma's third quarter...
ADIDAS RAISES FULL-YEAR FORECAST, SEES 55% GROWTH
Germany-based sports brand Adidas has recorded positive second-quarter results driven by increase in all its market segments except Greater China. The company reported a 55%...
Circular fibre innovation-Focal Point H&M, Bestseller & Adidas
A number of major clothing names have taken part in the latest funding round for Infinited Fiber Company (IFC) with the business having raised €30...
PUMA CREATES SUSTAINABLE FOOTWEAR STYLES USING SUGARCANE AND RECYCLED MATERIALS
Puma announced that by 2025, nine out of ten PUMA products will be made of more sustainable materials. As part of this commitment, they will...
Adidas Invests In Recycling firm Spinnova
German sportswear firm Adidas, which is seeking to increase the proportion of sustainable materials it uses in its products, is investing in Finland’s Spinnova, a...
ADDIDAS COLLABORATES WITH MARIMEKKO
Marimekko and adidas are happy to announce a debut collection marking the first-ever sports apparel collaboration. The limited-edition collection will be available in Mainland China,...
Puma use 90% sustainable materials by 2025
Sportswear and equipment manufacturer Puma has set itself the goal of manufacturing 90% of its products from more sustainable materials by 2025. The German business...
Adidas’ sale of Reebok a billion dollars Deal??
As Adidas’ sale of Reebok enters its operational phase, the German sportswear giant could net just one billion dollars according to some estimates. That is...
Adidas reports profit in Q1
The company’s gross margin increased 2.1 pp to 51.8 percent. The company’s operating profit grew to a level of 704 million euros and with an...