Adidas CEO Herbert Hainer said on Thursday he was confident that the German sportswear group could keep growing fast and improve profitability as he prepares to hand over to former Henkel boss Kasper Rorsted.
Adidas expects sales of soccer boots, shirts and balls to rise 14% to a new record of 2.5 billion euros ($2.8 billion) in 2016, showing a return for spending more on partnerships with top teams and players.
Unilever NV, Henkel & Co KgaA AG , L'Oréal SA and other companies have submitted first-round bids in the auction for OGX shampoo maker Vogue International LLC, people familiar with the matter said on Monday.
Adidas shareholders elected Egyptian tycoon Nassef Sawiris and a representative of Belgium's richest man Albert Frere to the supervisory board on Thursday after both took significant stakes in the German sportswear gr...
Adidas said on Wednesday it would aim to sell its loss-making golf business to focus on shoes and clothing, after its core Adidas brand reported strong quarterly sales, particularly in the United States.
Beauty manufacturer Coty announced on Tuesday the completion the final stage of its purchase of Brazilian Hypermarcas' beauty and personal care business, ahead of the expected merger with P&G's beauty business.
German sportswear firm Adidas has appointed Henkel's Kasper Rorsted as its new chief executive after the 53-year-old Dane succeeded in cutting costs and boosting profits during an eight-year reign at the consumer good...