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New chief must deal with aftermath of Kanye West tie-up before he can focus on turnround efforts
Kasper Rørsted to receive severance payment despite German sportswear group warning annual losses may reach $700mn
Puma and Nike will remain a more comfortable fit for investors
German group warns of possible hit of up to €700mn because of unsold Yeezy shoes
German sportswear giant is reeling from a triple whammy of crises as it awaits its new chief
Chief sales officer Roland Auschel received a bigger bonus even after compliance investigation
‘It’s not our favourite sport, but it’s good business,’ say the country’s soccer entrepreneurs
Decision comes after a top shareholder demanded clarity about alleged incidents
World’s second-largest sportswear brand poaches rival boss from Puma
Gulden announced surprise departure from Puma on Friday
Only the boldest buyout fund would back a bid at present
F1 game-changer, the billionaire who’s avoiding football, women’s sport steals the show, and more.
Big companies are damaged when their famous partner implodes, but they survive and move on
Plus, how Adidas finally broke its ties with Kanye West after his anti-Semitic remarks; and the latest on a Hollywood merger gone somewhat wrong
German group warns net profits will be up to €250mn lower following decision
German sportswear group hit by lower than expected sales
Mathias Döpfner orchestrated stories against company for pausing rents without disclosing his interest
The German group’s chief insists that the overwhelming problem is China’s lockdowns
German sportswear group will replace Kasper Rørsted in 2023, three years before his contract is up
Quarterly sales slide amid supply chain disruption, store closures and rising costs
Sportswear brand loses market share to local rivals after nationalist backlash
Sportswear maker’s move to track data follows staff protests over racial inequality
Deal draws line under ill-fated acquisition of US brand by German sportswear group
World’s largest sportswear maker increases full-year guidance despite production shortages
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