Food
Sports clothing manufacturer Adidas's profit has dropped 11 % in its third quarter, despite a 6 % turnover increase. Its golf division did not performed well at all, which impacted results severely.
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Belgian fashion group FNG Group, known for Fred & Ginger and CKs, will add several new brands to its line-up. The new brands come from Dutch Coltex Retail Group.
French luxury brand Hermès has exceeded its third quarter forecast with a 10.4 % turnover growth, to 990.6 million euro. The company did warn for slightly lower operational margins however.
Belgian fashion house Essentiel will open its first Spanish store early next year, in Madrid. After that, it will add a third store in Paris in the summer and a new store in Dubai in December.
American sports clothing chain Foot Locker has appointed a new CEO who will start work on 1 December. Its current COO, Richard Johnson, will assume the position, while current CEO Ken Hicks will leave the company.
Spanish Inditex, Zara's parent company, has donated 1 million euro to a Doctors Without Borders emergency fund to help contain Ebola. The money will be used immediately to fight off the virus in West Africa, where most of the victims are located.
Associated British Foods has had an excellent fiscal year thanks to budget fashion chain Primark, which managed to increase its turnover 16 % to 4.95 billion pounds (6.3 billion euro) and its profit 29 % to 662 million pounds (850 million euro).
SuperGroup's new CEO Euan Sutherland has said his company will not discount its clothing despite the fact that the group will definitely miss its profit forecast. SuperGroup forecast a 60 to 65 million pound profit (76 - 83 million euro) profit now, missing the earlier 72.3 million pound (92 million euro) profit forecast due to the excellent weather over the past two months.
A massive debt rescheduling and a multi-million investment have helped French clothing giant Vivarte survive, but that comes at a cost: CEO Mark Lelandais is to resign.
Mulliez, the family owning France's largest chain of sports stores Decathlon, has quietly renamed the holding company above that chain - rebranded Oxylane in 2008 - back to Decathlon.
The Federation of the European Sporting Goods Industry (FESI), which defends the interests of sporting equipment manufacturers in Europe, has finally decided to allow retailers to join and welcomes Foot Locker Europe as its first retailer-member.
Belgian outlet centre Maasmechelen Village has been around for 13 years and attracts 3 million visitors a year, but has stacked up one loss after another. It now has a 236 million euro debt.
Swedish H&M's subsidiary & Other Stories has opened its first Dutch store, in a former Intertoys store in Amsterdam. The two-floor 650 sqm store will not only sell clothing, but also accessories, jewelry and beauty products.
CEO and founder Julian Dunkerton has stepped down as CEO of British SuperGroup, but clothing brand SuperDry's parent company has moved quickly to replace him.
American clothing group VF, owner of Antwerp fashion brand Kipling, has managed a 3.5 billion dollar (2.75 billion euro) turnover in its third quarter: that is a 7 % increase. It expects an even bigger full-year increase of 8 %.
Irish fashion discounter Primark will rent about 50,000 sqm of store space in seven American Sears stores. The latter hopes this will improve its disappointing results from the past several years.
