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German sportswear maker Adidas AG expects a strong China-led recovery in sales this year, though profit will be trimmed by costs associated with divesting its Reebok brand.

BERLIN: German sportswear maker Adidas AG expects a strong China-led recovery in sales this year, though profit will be trimmed by costs associated with divesting its Reebok brand. Preparing to presenting its 2021 outlook on Wednesday as part of its five-year strategy, Adidas said it has reopened 95 percent of its stores after coronavirus lockdowns and expects 2021 sales

German sportswear company Puma expects the financial impact from coronavirus lockdowns to last well into the second quarter, but believes global growth in running should help to support a strong...

Online retailers were out of fashion this morning after reports over the weekend that the government is to hit them with hefty tax hikes.Citing leaked emails, The Sunday Times claimed that technology

Circle K Chain is considering a takeover of France’s Carrefour. The Couche-Tard – Carrefour merger would result in a giant retail chain worth more than $50 billion. The acquisition talks are at an early stage, according to both the companies. Couche-Tard said Tuesday it has started “exploratory discussions” on a friendly deal with Carrefour. Couche-Tard’s proposal values the French chain at about 20 euros per share. That would represent a roughly 29 percent premium to its Tuesday closing price and value the firm at about 16.4 billion euros (US$20 billion), according to   Bloomberg...