Reebok Sold for £1.8bn to Authentic Brands
Authentic Brands Group will acquire Reebok from Adidas for a total consideration of up to £1.78bn. Adidas will share the majority of the cash proceeds...
Tag : business
BRACE FOR HIGHER PRICES OR EMPTY SHELVES IN XMAS EXPECTS RETAILERS
Rising prices of shipping containers is going to impact the prices of goods. Retailers have also warned of further disruption and delays for goods this...
MORE JOBS AND LESS TAKERS IN THE US
Employers in the U.S. face an interesting challenge ahead – how to fill nearly 10 million job openings with about a million fewer workers than...
MARKS & SPENCER ANNOUNCES NEW BRANDS
To transform the business post pandemic Marks & Spencer is set to announce six guest brands in clothing and footwear....
Asics’s income increased “significantly” to €70.5m
Asics has reported a consolidated net revenue increase of 44% cent year-on-year across all distribution channels for the year-to-date period ending June. The sportswear brand...
Arvind partners with Textile GenesisTM for block-chain based track & traceability initiative
Arvind Limited, the $1.5 billion textile to technology conglomerate has collaborated with Textile GenesisTM a block-chain enabled digital transparency platform for apparel supply chain. This...
PINEAPPLE FIBRE the future of fashion?
Pineapple fibre is made from pineapple leaves, a by-product of pineapple farming that would be disposed otherwise. This makes it a highly sustainable and renewable...
Frasers Group may take a hit in excess of £100 million due to the Covid-19 lockdown
Frasers Group has said it could take a hit in excess of £100 million due to the Covid-19 lockdown on non-essential retailers lasting until April...
Depop Partners with Rental Platform Hurr
Shoppers on the Gen-Z resale app will be able to buy pieces from brands including Rixo, Stine Goya and L.K. Bennett that have previously been...
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%...