De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
world-cup
News & Analysis
Adidas Placates Shareholders With $1.9 Billion Buyback
BAVARIA, Germany — Adidas AG placated investors who have sent its shares down 35 percent this year, saying it plans to buy back as much as 1.5
Adidas Placates Shareholders With $1.9 Billion Buyback
BAVARIA, Germany — Adidas AG placated investors who have sent its shares down 35 percent this year, saying it plans to buy back as much as 1.5
News & Analysis
Adidas Looks To Boost US Growth Amid Poor Sales
Beset by plummeting golf sales, a sidelined basketball star and weakness at its sneaker maker Reebok, Adidas AG is struggling to increase revenue in the U.S. amid the dominance of Nike Inc. and growth of upstart rival Under Armour Inc.
Adidas Looks To Boost US Growth Amid Poor Sales
Beset by plummeting golf sales, a sidelined basketball star and weakness at its sneaker maker Reebok, Adidas AG is struggling to increase revenue in the U.S. amid the dominance of Nike Inc. and growth of upstart rival Under Armour Inc.
News & Analysis
World Cup Boosts Nike Sales
Nike Inc., the world’s largest sporting-goods maker, posted first-quarter profit that topped analysts’ estimates after the FIFA World Cup soccer tournament boosted sales.
World Cup Boosts Nike Sales
Nike Inc., the world’s largest sporting-goods maker, posted first-quarter profit that topped analysts’ estimates after the FIFA World Cup soccer tournament boosted sales.
Marketing
Adidas' Ongoing Uphill Battle Against Nike's Cool Factor
Sportswear firm Adidas probably thought it had hit the marketing jackpot when Adidas-sponsored Germany beat Adidas-sponsored Argentina to win the Adidas-sponsored World Cup. But arch rival Nike may have stolen much of its soccer branding thunder.
Adidas' Ongoing Uphill Battle Against Nike's Cool Factor
Sportswear firm Adidas probably thought it had hit the marketing jackpot when Adidas-sponsored Germany beat Adidas-sponsored Argentina to win the Adidas-sponsored World Cup. But arch rival Nike may have stolen much of its soccer branding thunder.
News & Analysis
Adidas Cuts 2014 Margin Forecast as North America Sales Decline
FRANKFURT, Germany — Adidas AG, the world's No. 2 sports gear maker, cut its profitability forecast for 2014 by 2 percentage points after first-half
Adidas Cuts 2014 Margin Forecast as North America Sales Decline
FRANKFURT, Germany — Adidas AG, the world's No. 2 sports gear maker, cut its profitability forecast for 2014 by 2 percentage points after first-half
Technology
Nike CEO Expects Football Sales to Keep Soaring
BERLIN, Germany — U.S. sportswear maker Nike Inc, battling Adidas AG to be the world's biggest soccer brand, expects kit sales to keep growing fast
Nike CEO Expects Football Sales to Keep Soaring
BERLIN, Germany — U.S. sportswear maker Nike Inc, battling Adidas AG to be the world's biggest soccer brand, expects kit sales to keep growing fast
News & Analysis
Havaianas Draws World Cup Demand Without FIFA
RIO DE JANEIRO, Brazil — Ask Ingmar Korstanje, a tourist arriving in Brazil this week from the U.S., about the official 2014 World Cup flip-flop
Havaianas Draws World Cup Demand Without FIFA
RIO DE JANEIRO, Brazil — Ask Ingmar Korstanje, a tourist arriving in Brazil this week from the U.S., about the official 2014 World Cup flip-flop
News & Analysis
Introducing Mr. Porter, Making room for new talent, Football in fashion, Asos' record sales, Britain's got talent
Net-a-Porter announces first menswear site (Telegraph) "The Net-a-Porter group has announced the launch of a dedicated menswear site - the first
Introducing Mr. Porter, Making room for new talent, Football in fashion, Asos' record sales, Britain's got talent
Net-a-Porter announces first menswear site (Telegraph) "The Net-a-Porter group has announced the launch of a dedicated menswear site - the first
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.