Labour representatives at Hudson’s Bay German department store chain Kaufhof are expected to put the brakes on restructuring talks in the face of reports about a possible joint venture with Austria’s Signa.
Nike Inc topped analysts’ quarterly revenue and profit estimates on Thursday and posted its first sales rise in a year in North America as the world’s largest footwear maker benefited from a flurry of launches.
Amidst refocusing and redirecting to gain consumers in the lifestyle space, Garneau has acquired cycling brand Sugoi. The acquisition positions the company to win more West Coast market share in both the US and Canada.
H&M is upbeat despite a tough six months, saying it's on the right path, is improving the product mix, seeing good results from new launches and scaling up tech developments that offer future profit potential.
The brand group announced on Wednesday that it has entered into an agreement to acquire the majority of the North American licensing business, which has a portfolio including Disney, Calvin Klein and Under Armour.
A JD Sports investor group has hit out at executive chairman Peter Cowgill’s pay boost, saying it is “not in line with the rest of the company”, and will ask shareholders to vote against his re-election on Thursday.