Articles by DPA
Following meeting with Trump: Xi warns of disrupted supply chains
Following a meeting with US president Donald Trump, China's head of state and party, Xi Jinping, has warned of a breakdown in supply chains. To drive economic growth, the stability of industrial and supply chains must be guaranteed, Xi said at the summit of heads of state and government of the Asia-Pacific Economic Cooperation (APEC) in...
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Puma initiates restructuring programme and cuts jobs
Sportswear group Puma SE has launched a restructuring programme to get back on track following significant sales declines. The company announced in Herzogenaurach, Germany, on Thursday that costs will be reduced in the short and medium term. To achieve this, Puma plans to cut a further 900 administrative jobs by the end of 2026. So far this...
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Bjørn Gulden details Adidas's turnaround amidst tariff headwinds
Sportswear group Adidas has managed to somewhat limit the impact of US tariffs on its international business. For the current year, CEO Bjørn Gulden now only expects losses of around 120 million euros. Previously, the German company had anticipated a negative impact of 200 million euros. The majority of this will be incurred in the fourth...
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Amazon confirms plans to cut around 14,000 office jobs
The world's largest online retailer, Amazon, is cutting around 14,000 administrative jobs. In a statement, the company attributed the cuts to organisational changes in the age of artificial intelligence. Shipping operations in Germany and other countries are not expected to be affected by the reduction in office jobs. It was initially unclear to...
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Adidas raises profit forecast after record sales
Sportswear manufacturer Adidas has become more optimistic for the year following surprisingly strong summer trading. Adidas raises forecast Operating profit is now expected to reach around two billion euros, instead of 1.7 to 1.8 billion euros, as the Dax-listed company announced in Herzogenaurach. Adidas cited better-than-expected business and...
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Trump: new tariff on Chinese imports is economically untenable
According to US President Donald Trump, the new tariffs he has threatened against China are economically unsustainable. When asked if the cumulative total tariff rate of 157 percent is sustainable for the economy and what it would mean, he said: “That is not sustainable, but that is the figure.” Trump continued in an interview with US television...
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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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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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