Articles by DPA
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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Israeli fashion brand launches anti-hunger campaign in Gaza
An Israeli fashion chain, Comme il faut, has launched a campaign to raise awareness about hunger in the Gaza Strip, marking what is believed to be the first protest of its kind by an Israeli company. The campaign, titled "Resist Hunger," features Israeli chefs in black clothing holding empty pots against a black background. The message is shared...
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Media: Trump appeals to Supreme Court in tariff dispute
President Donald Trump has appealed to the Supreme Court to challenge an appeals court ruling that stripped him of the authority to impose extensive import tariffs under an emergency law. On Wednesday, his administration filed an appeal and requested an expedited procedure, urging the court to announce by September 10 whether it will take up the...
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Schiesser plans 25 new stores in Europe by 2027
Underwear manufacturer Schiesser aims to open twenty-five new stores in Europe by 2027. This was announced by Schiesser CEO Sonja Balodis in Thursday’s edition of the "Südkurier". Schiesser is very well-balanced across all its distribution channels. "We sell around half of our products directly to customers through our one hundred and ten of our...
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US ends de minimis loophole for international imports
As of Friday, the US has abolished duty-free imports for goods valued under 800 dollars. President Donald Trump initially lifted the exemption for China. At the end of July, he also ordered the end of duty-free status for parcels from around the world. International postal services had already restricted shipments to the US in recent weeks due...
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Nike to reportedly cut more jobs
Nike (NKE) is planning another round of job cuts to help the company grow again, according to CNBC. The layoffs will affect fewer than 1 percent of Nike's office staff. It's not clear how many people will lose their jobs, but the EMEA region and Converse brand won't be affected. Back in February, Nike reportedly said it would cut 2 percent of...
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