Germany
Gerry Weber files for bankruptcy
The Germany-based fashion manufacturer and retailer has applied to preliminary insolvency. This procedure exclusively applies to the parent company Gerry Weber International AG having around 580 employees. All subsidiaries including Hallhuber are excluded from the request
adidas delivers strong third quarter results
Revenue posted by the Germany-based sportswear giant for its third quarter increased by 8% currency-neutral and 3% in euro terms. As a result, adidas has increased its full-year outlook
Double digit growth for Puma' sales and profitability
In the third quarter sales increased by 14% currency-adjusted to 1 242 million euros (+11% reported) with double-digit growth in the Americas and Asia/Pacific regions. Profitability also grew at two digit's rates
Positive atmosphere at Gallery Shoes
The latest edition of the Düsseldorf-based event took place between the 2nd and the 4th of September. The organizers emphasized the positive environment which surrounded the event
Puma officially leaving Kering
The exit of Puma from Kering is now effective following the implementation of the distribution in kind of Puma SE shares
Puma with strong sales
In the first quarter of the year, Puma sales increased by 21.5% currency-adjusted totaling 1 131 million euros (+12.5% reported) with double-digit growth in all regions and product segments
Innovation distinction for adidas
The giant sportswear adidas has received the German Innovation Award 2018 for its Speedfactory
adidas to close stores in online push
adidas expects to close down several stores in the coming years as part of a shift towards selling more goods online
Puma uplifts full-year guidance
The Germany-based sportswear brand expects its net profit to improve significantly in 2018 and has therefore slightly increased its year-end earnings forecast after publishing its provisional numbers for the first quarter
adidas: 1 million pairs of sneakers made from ocean trash
The Germany-based sportswear giant revealed that it has sold more than one million pairs of sneakers made ocean plastic with its partnership with Parley
European exports with positive semester
During the first half of 2017 the European Union as a whole exported 20.56 billion euros of footwear, registering a 7.0% increased from similar period last year
Birkenstock discontinuing Amazon deliveries in Europe
The Germany-based footwear company has issued a statement where it claims consumers have been misled by counterfeit products offered for sale on Amazon Marketplace. They will discontinue deliveries through Amazon effective in the new year-
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