Hugo Boss reduces brands in revamp

Aaron Ricadela|Published

Chief Executive Officer Mark Langer resets the ailing German fashion house’s strategy six months into the job.

Volkswagen’s woes deepen

Aaron Ricadela|Published

Volkswagen’s supervisory board chairman, Hans Dieter Poetsch, has been added to a German probe of the carmaker’s emissions scandal.

Hugo Boss gets tough as earnings sink

Aaron Ricadela|Published

Embattled German fashion retailer vows to close stores that it can’t make profitable.

Consumer spending to lift Adidas

Aaron Ricadela|Published

Adidas sees increase in earnings this year as consumers spend more, making it easier to sell higher-priced goods and offset rising costs.

Adidas continues to see strong demand

Aaron Ricadela|Published

Adidas raised its sales and earnings outlook for this year, giving a boost to incoming CEO Kasper Rorsted before he even starts.

Adidas raises forecasts

Aaron Ricadela|Published

Athletics apparel maker Adidas raises its full-year forecasts and announces job cuts at its languishing golf-gear division.

SAP sees strong demand

Aaron Ricadela|Published

CEO Bill McDermott says the business-software maker still has an opportunity to beat its full-year profit forecast.

SAP sales beat estimates

Aaron Ricadela|Published

Cloud subscription and support sales help to boost SAP’s third-quarter sales and operating profit.

Adidas profit misses estimates

Aaron Ricadela|Published

Adidas reports second-quarter profit below analysts’ expectations.

Puma earnings sprint past estimates

Aaron Ricadela|Published

Puma reports surprising sales as consumers flock to buy its Ignite running shoes and Evo soccer cleats.

Metro to sell Kaufhof stores

Aaron Ricadela|Published

German retail giant Metro has agreed to sell its Kaufhof department store chain to a Canadian group.

Adidas’s turnaround plan gains speed

Aaron Ricadela|Published

Adidas has reported first-quarter earnings that topped estimates.

Adidas vows to boost payouts

Aaron Ricadela|Published

Sporting-goods maker Adidas has forecast net income growth of about 15 percent on average each year through 2020.

SAP to reduce more than 2 000 jobs

Aaron Ricadela|Published

Europe’s biggest software company plans to cut about 2 200 positions, adding to a similar reduction last year.

Puma sees belated sales increase

Aaron Ricadela|Published

Puma’s gradual turnaround continues - and the company has forecast a belated sales increase this year.

Hugo Boss sales miss estimates

Aaron Ricadela|Published

Sluggish demand for high-priced fashion in economically stagnant Europe has hit Hugo Boss’s sales figures.

SAP counts on sole leader to improve decisions

Aaron Ricadela|Published

Bill McDermott, who became the sole chief executive of SAP on Wednesday, is counting on the leadership change to speed up decision making as the German software ...