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August 2, 2005
Adidas to buy Reebok for $3.8bn
...struggled to make inroads in the pursuit of Nike. A combined group would have had sales...6bn last year compared with ?10bn for Nike. It will be a victory for Herbert Hainer...company?s presence does not reflect its international position as the second largest sportswear...worldwide compared with 33 per cent for Nike. In the US, Adidas-Reebok would have 21 per cent against Nike... By James Politi in New York, Richard Milne in Frankfurt, Peter Thal Larsen and Lina Saigol in London
June 22, 2009
Nike sprints ahead of suffering rival
Nike, the world's largest athletic shoe...with slumping performance at its troubled Reebok brand, Nike's cost cuts have been accompanied by...scored again against Adidas in May, as two Nike soccer teams, Manchester United and Barcelona... By Jonathan Birchall
January 31, 2008
Nike supplier kicks off float
...Industrial, a leading maker of sports shoes for brands such as Nike and Adidas, is expected to raise about $750m through...business later this year. The listing of its Pou Sheng International subsidiary, which operates in mainland China, Taiwan...its own YY Sports brand and in licensed outlets such as Reebok shops, could raise up to $1bn depending on market conditions...amid the turbulent equity markets. Among them were Maoye International, a mainland department store chain, which pulled its... By Sundeep Tucker in Hong Kong
February 17, 2006
Nike and Adidas intensify war of words
...allegations of patent infringements and lying. Nike filed a lawsuit in Texas against Adidas...as number two through its takeover of Reebok, alleging that several of its trainers copied technology developed by Nike. Adidas, which declined to comment...suspect the recent $3.8bn purchase of Reebok has intensified matters by bringing Adidas much closer in size to Nike. Nike?s lawsuit, which follows similar... By Richard Milne in Frankfurt
November 9, 2006
Adidas warns as Reebok struggles
...Jyske Bank. Adidas said on Thursday that Reebok sales for the first 11 months of the year...sportswear maker plans to strengthen the Reebok brand in emerging markets and said it would...performing well, taking market share from Nike in some western European markets, according...the nine months, as it consolidates the Reebok acquisition. Reebok has a “significantly... By Jenny Wiggins
January 31, 2008
Nike supplier kicks off HK issue
Yue Yuen Industrial Holdings, a leading maker of sports shoes for brands such as Nike, is expected to raise about $750m through a Hong Kong listing of its retail business later this year. The listing of its Pou Sheng International subsidiary, which operates in mainland China, Taiwan and Hong Kong under its own YY Sports brand and in licensed outlets such as Reebok shops, could raise up to $1bn depending on market conditions, according to people familiar with the situation... By Sundeep Tucker in Hong Kong
January 30, 2008
Nike supplier kicks off HK issue
...of sports shoes for brands such as Nike, is expected to raise about $750m...year. The listing of its Pou Sheng International subsidiary, which operates in mainland...brand and in licensed outlets such as Reebok shops, could raise up to $1bn depending...equity markets. Among them were Maoye International, a mainland department store chain... By Sundeep Tucker in Hong Kong
April 20, 2006
Adidas hopes to set pace for Reebok
...past two years the combined Adidas-Reebok have lost nearly 3 percentage points of market share to 17.5 per cent while Nike has gained nearly 2 points to38.5 per...first thing for Adidas then is to turn Reebok round. Because of the long lead times...marketing muscle - and money - behind Reebok, as evidenced by the poaching of Arsenal footballer Thierry Henry from Nike. Mr Hainer also underlines the potential for... By Richard Milne
January 23, 2006
Shares fall after Nike chief quits, citing split
...founder and chairman. Mark Parker, Nike brand co-president, was appointed...following a board meeting on Friday. Nike’s shares fell 0.9 per cent to close...a challenging time for the company. Nike faces increased competition from the pending merger of Adidas-Salomon and Reebok International and sluggish retail sales in Europe... By Lauren Foster in New York
September 21, 2009
Crocs chief snaps back at critics
...have been hard on the group, whose brightly coloured clogs lost popularity just as quickly as they became an overnight international hit. And Mr Duerden told the FT that the company, which has slashed 32 per cent of its workforce since the end of...his Chrysalis consulting group, which aimed at turning round struggling brands. He previously led efforts to turn Reebok into a competitor to Nike, but said Crocs represented “one of the toughest turnrounds” of his career. The company has sold roughly 20m... By Kiran Stacey and Esther Bintliff