nike
Profit at US sportswear giant Nike increased in the fourth quarter year-on-year, the company reported on Thursday, beating analysts' estimates. The company's bottom line totalled $1.5 billion, or $0.99 per share. This compares with $1.03 billion, or $0.66 per share, in last year's fourth quarter. Excluding items, Nike reported adjusted earnings of $1.01 per share for the period. Analysts on average had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter fell 1....
DPA Breaking News
Adidas CEO Björn Gulden has criticised a lack of communication by the German Football Federation (DFB) around a new national teams kit deal but conceded they would have not matched the reported offer from rivals Nike. Gulden told the Frankfurter Allgemeine Sonntagszeitung paper that Adidas had only been able to submit one offer and not been given an opportunity for further negotiations, a practice he named unusual in the business. "I would have wished for a talk with the DFB," he said. The DFB announced in March that they would end a decades-long partnership with Germany-based Adidas in 2026 a...
DPA Breaking News
US sporting goods maker Nike may no longer sell some sports trousers in Germany that feature three stripes after a judge found these are too similar to the designs of rival Adidas, in a court decision on Tuesday. The Dusseldorf Higher Regional Court made the decision after an appeal but it dismissed Adidas' objections to four other pairs of Nike trousers that also feature stripes. Unlike the Dusseldorf Regional Court, the Higher Regional Court saw sufficient differences to the Adidas design in these trousers. "Not every side stripe pattern on sports trousers is to be prohibited," the court sta...
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German Economics Minister Robert Habeck met with leaders of the nation's football body DFB on Wednesday after criticing them for a switch of national teams kit providers from Adidas to Nike. "Thank you DFB for the good exchange," Habeck said on Instagram alongside a photo of him in conversation with DFB president Bernd Neuendorf and managing director Andreas Rettig. Habeck was wearing the pink away shirt the German team will be using at this summer's European championships. "The kick-off is in 65 days. I am looking forward to the Euros and the DFB team," he said. The DFB announced last month t...
DPA Breaking News
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