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ADIDAS PROFITABILITY 2024
RedTape founders seek stake sale, eye Blackstone and KKR interestFounders of RedTape, an Indian footwear brand, are exploring opportunities to divest a large stake in the company, with discussions underwa...- 2025 layoffs: List of companies cutting jobs worldwide and why it’s happeningMany big companies are cutting jobs in 2025. Tech, retail, finance, and energy firms are making layoffs as they try to save costs and adjus...
- Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopesNike shares dropped 5.7% to a five-year low, following disappointing projections and a substantial sales decline in China. The new CEO's 'W...
- Adidas to cut 500 jobs, says Yeezy trainers are historyAdidas plans to reduce up to 500 jobs at its headquarters to improve efficiency, following a tough year after its split with Kanye West. De...
- Zomato is finally Eternal; TCS rolls out variable payZomato will now be officially called Eternal. This and more in today’s ETtech Top 5.
- Myntra secures $81 million fund infusion from parent FlipkartRegulatory filings in Singapore reveal that Myntra's parent company, FK Myntra Holdings Pvt Ltd, received the investment in November, marki...
- Ethan Holliday signs historic Adidas NIL contract and is the leading prospect for the 2025 MLB draftEthan Holliday becomes Adidas' first baseball NIL athlete. The brand confirmed Holliday's signing in a press statement on Tuesday.
- Puma shares plunge 23% as weak profit shakes confidencePuma's market value dropped over 22% after reporting lower than anticipated Q4 sales and a decline in annual profit. The company aims to in...
- Puma shares plunge 18% after sales and profit missPuma shares slid more than 18% on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop i...
- Europe's STOXX 600 hits record highEuropean stocks extended their recent run of gains on Wednesday, with strong holiday-quarter performance from Adidas pushing German shares ...
- As Nike struggles, Adidas must surf Samba wave with cautionAdidas is gaining market share from Nike with its popular Samba and Gazelle sneakers. However, it faces challenges in keeping consumer inte...
- US companies are picky about investing in China. The exceptions? Burgers, lattesAs tensions simmer between China and its Western trading partners, many MNCs are shifting investments to other places, such as Southeast As...
- Gaming startup Rooter raises $16 million in funding led by LightboxThe Delhi-based startup aims to hit profitability by April 2024, and cross $10 million in annual recurring revenue (ARR) in the next three ...
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