Articles by DPA
Closed acquisition: Germany's Federal Cartel Office gives green light
The acquisition of Closed by the Böck entrepreneurial family and fashion manager Dieter Holzer can now proceed. Germany's Federal Cartel Office has approved the takeover of the insolvent Closed Group by capital-Home GmbH, the authority announced on Friday. Capital-Home GmbH also holds the majority of shares in the Marc O'Polo Group. “Although...
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Nike raises prices across core categories as CEO Hill's turnaround plan nears one-year mark
Over the course of the last year, Nike Inc. has raised prices for all of its footwear, clothing, and equipment lines as part of CEO Elliott Hill's turnaround plan and in response to growing international tariffs on goods manufactured in Asia. Prices for footwear increased 17 percent, clothing increased 14 percent, and equipment and protection...
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Eurozone: Economic sentiment improves slightly
Economic sentiment in the Eurozone improved slightly in September. The Economic Sentiment Indicator (ESI) rose by 0.2 points to 95.5 points compared to the previous month, as announced by the European Commission in Brussels on Monday. Economists had expected 95.2 points. The ESI therefore remains below the long-term average of 100 points. The...
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JD Sports launches 100 million pound share buyback programme
JD Sports Fashion Plc, on Thursday, announced that it will launch a share buyback programme of up to 100 million pounds. The programme begins immediately and is expected to be completed by the end of the financial year on January 31, 2026. The maximum number of shares that may be acquired, as authorised at the company's 2025 AGM, is 515,475,677,...
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Puma share price falls
Recent takeover speculation surrounding sportswear manufacturer Puma SE cooled somewhat on Thursday. Puma's share price fell 4.3 percent to 22.28 euros. This made its shares among the biggest losers on the MDAX by midday. The share price had jumped by almost 17 percent to 23.28 euros midweek. One month ago, the share price hit a low of 17.045...
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Puma share price boosted by Adidas merger speculation
Puma's shares, which have struggled this year, received a further boost on Tuesday from speculation about a possible merger with Adidas. The shares had already gained some ground the previous day after an investor suggested a merger in an interview on Friday. Now the debate has widened. Puma's share price rose by 4.2 percent, reaching its...
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US and China trade talks: Focus on economy, trade, and TikTok
The US and China will resume trade talks next week. The US Treasury announced that Treasury Secretary Scott Bessent will meet with Chinese representatives in Madrid. Among them will be Vice Premier He Lifeng, who has led previous talks for China. There was no immediate confirmation from Beijing. According to the US announcement, Bessent will...
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Puma stock falls as major shareholder weighs options
Puma shares fell by 4 percent on Tuesday afternoon. This followed a statement by majority shareholder François-Henri Pinault that he was keeping all options open for his investment company Artemis regarding its stake in the sportswear manufacturer. Artemis holds 29 percent of Puma. Pinault made this statement at the annual general meeting of...
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Close friends and family bid farewell to fashion designer Armani
A small circle of family members, friends and close colleagues bid farewell to the Italian fashion designer Giorgio Armani at a memorial service. The private ceremony took place at the church in the small village of Rivalta, near his birthplace of Piacenza in northern Italy. Armani’s life and business partner, Leo Dell'Orco, his sister, nieces...
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Adidas and Puma shares defy Lululemon disappointment
Looming high share losses at competitor Lululemon did not affect Adidas and Puma on Friday. While Adidas shares ended up 0.8 percent higher after a subdued start, Puma's share price was moderately above breakeven, at 0.4 percent. Meanwhile, Lululemon's share price was heading for a 17 percent slump in pre-market US trading due to a disappointing...
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