News
UK's Boots in talks for $10 billion sale as owners plan to scrap IPO plans, FT reports
3+ day, 19+ hour ago (225+ words) June 9 (Reuters) " Boots is in talks with the billionaire Weston family and Australian'pharmacy group Sigma Healthcare'over a $10 billion (7. 5 billion) sale "that would see the British health "and beauty retailer scrap its plans for a London IPO, the Financial Times reported…...
Britain's JD Sports says Nike's Hill "doing a great job'
1+ mon, 6+ day ago (182+ words) LONDON, May 7 (Reuters) " Nike CEO Elliott Hill got a vote of confidence from one of "its largest customers, British sportswear "retailer JD Sports, whose boss said on Thursday he was "doing a great job. Hill, who was with Nike for…...
Exclusive-Boots owners hire consultants for overhaul before possible London IPO in 2027, sources say
1+ mon, 3+ week ago (359+ words) By Amy-Jo Crowley and Charlie Conchie LONDON, April 21 (Reuters) " The owners of British pharmacy chain Boots are working with consultants on a possible strategy overhaul in preparation for a potential London "stock market listing which could come as soon as…...
Nike in exclusive talks to be UEFA Champions League match ball provider from 2027
2+ mon, 3+ day ago (390+ words) By Nicholas P. Brown April 9 (Reuters) " Nike is in exclusive negotiations to become the new official match ball provider for all UEFA men's club competitions, according to a statement on Thursday from UC3, the joint "venture between UEFA and European Football Clubs....
Shoemaker Steven Madden withholds profit forecast on tariff uncertainty
3+ mon, 2+ week ago (377+ words) Feb 25 (Reuters) " Shoe and handbag maker Steven Madden on Wednesday withheld its 2026 earnings forecast, citing recent tariff uncertainty, in the first visible signs of fresh turmoil for companies as they "brace for Washington's next move following last week's Supreme Court…...
Exclusive-Prada to launch $930 "Made in India" sandals after backlash
6+ mon, 2+ day ago (530+ words) By Dhwani Pandya and Elisa Anzolin MUMBAI/MILAN, Dec 11 (Reuters) " Prada will make a limited-edition collection of sandals in India inspired by the country's traditional footwear, selling each pair at around 800 euros ($930), Prada senior executive Lorenzo Bertelli told Reuters, turning…...
Puma to cut 900 jobs as sales continue to decline
7+ mon, 2+ week ago (156+ words) (Reuters) -German sportswear maker Puma on Wednesday said that it would cut a further 13% of its workforce globally, equivalent to 900 jobs by the end of 2026, as its sales continued to decline. The company had already cut 500 roles worldwide this year…...
Gucci offers sneak preview of Demna's styles on Instagram
8+ mon, 3+ week ago (119+ words) MILAN/PARIS (Reuters) -Gucci on Monday revealed the first styles by its new designer Demna on Instagram, the day before Milan Fashion Week kicks off with a scheduled presentation by the Kering-owned label. The debut at Gucci of the former…...
Well-heeled shoppers shrug off price hikes for Birkenstocks and Bugaboo strollers for now
9+ mon, 4+ week ago (513+ words) LONDON (Reuters) -Well-heeled shoppers around the United States seem " so far at least " willing to soak up price hikes for aspirational products from trendy Birkenstock sandals to Bugaboo prams, despite the impact of trade tariffs and belt-tightening elsewhere. German sandal…...
Mexico wants Adidas to pay up after Mexican-American designer launches Indigenous-inspired shoe
10+ mon, 4+ day ago (290+ words) MEXICO CITY (Reuters) -Mexico is looking for footwear giant Adidas to pony up after a Mexican-American designer working with the firm, Willy Chavarria, launched a shoe inspired by a traditional Indigenous sandal, authorities said on Friday. Chavarria, who has been…...