Hints and tips:
...Adidas launched a turnround of Reebok four years ago and previously said it aimed to have Reebok on a path to profitability by this year....
...Some 4,300 Reebok employees — three-quarters of them retail staff — will join the new owner....
...The rival of Nike said on Monday it has “begun to assess strategic alternatives for Reebok”, with divestment being one option....
...Permira and German buyout group Triton last year circled US sports outfitter Reebok, which has been put up for sale by its German parent company Adidas. Bloomberg first reported the talks with CVC....
...Mr Deluard from INTL FCStone makes the point that much of the money flowing into passive funds comes from high-fee mutual funds....
...“The fear was at max levels [among the bears],” said Matt Ammerman at INTL FCStone....
Trainers from Nike Air Jordan and Adidas Yeezy are among those that can make a fortune for entrepreneurs that treat shoes like stocks
...In the second quarter of 2018, Reebok sales fell by 3 per cent due to weak demand for its training and running kit....
...Adidas has struggled with Reebok’s tepid growth and poor profitability from the start....
...“The news that triggered the copper selloff has been a 36,000 tonne surge in LME stocks, perhaps reinforcing the belief that the cathode market is well supplied,” Edward Meir of INTL FCStone, a broker....
...The new suit says assets belonging to several individuals or businesses such as Jho Low, Low Taek Szen, JW Hospitality (VHG Intl) Ltd, FFP (Cayman) Ltd, Mubadala Development Company PJSC, Viceroy Hotel Group...
...Peter Cowgill set up JD Sports Fashion in 1983 just as Reebok came out with its first casual shoes with soft uppers. Even then sales of trainers were slow to take off....
...He says he will cut staff costs and halve the number of Reebok outlet stores to improve performance....
...There hasn’t been any growth in Reebok’s home market, North America, the past three years,” he said. “Reebok’s profitability is still significantly below the group’s average....
...The company said combined currency-neutral sales of adidas and Reebok brands grew at double-digit rates in all segments except Russia and the commonwealth of independent states....
...The new suit says assets belonging to several individuals or businesses such as Jho Low; Low Taek Szen; JW Hospitality (VHG Intl) Ltd; FFP (Cayman) Ltd; Mubadala Development Company PJSC; Viceroy Hotel Group...
...Their purchases have prompted speculation that they could push for the German group to offload low-performing assets such as Reebok or the US golf brand TaylorMade....
...But two years on, Mr Clarke, who worked previously for British food manufacturer Premier Foods, as well as Kraft, Coca-Cola and Reebok, is still head of Treasury, one of the world’s biggest winemakers....
...http://www.ft.com/intl/indepth/ft-commodities-summit...
...“It’s been falling like a knife,” said Edward Meir, an analyst at INTL FCStone in New York. “We were talking about deficits for the market this year but it’s shifting more to a balance or a surplus....
...Over the past three years, the sales growth of the Nike brand has outstripped that of the German group’s Adidas and Reebok brands by 10 percentage points on average, once currency fluctuations are excluded...
...The company may need to rely even more on its trading revenues to service its loan payments if less cash is coming from its mining arm, says Edward Meir, an analyst at INTL FCStone....
...Sales in its core sports retail division, which includes brands such as Nike and Reebok, were up 12 per cent, but sales and profits from its growing stable of wholly owned brands fell....
...“We should not underestimate the power of Chinese fund money to roil the markets,” futures broker INTL FCStone said....
...Now the trend is moving toward Asia,” said Edward Meir, futures broker at INTL FCStone. Dunhe said it did not comment on the “things we trade”, while calls to Shanghai Chaos were not returned....
International Edition