Adidas to continue making Yeezy products despite cutting ties with Kanye West
Adidas and Ye had been working in collaboration since 2014, with the two releasing the 'Yeezy Season 1' collection in February 2015
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Adidas slashes guidance, cites cutting ties with Kanye West
Adidas now expects net income from operations to be around €250mln, down from the target of €500mln before it ditched Ye
Brand Architekts falls as refocus on profitability leads to larger loss
The strategy was tweaked last year to focus on profitability, with seven brands relaunched
Seraphine's share plunge after forecasting first-half loss
The maternity and nursing wear retailer forecast product revenue in the first half would be around £19mln, down from £20.8mln last year with an EBITDA loss of around £1.5mln
Joules seeks new financing from founder after poor trading
The retailer said it has made "good progress" in defining and delivering its turnaround plan
Reckitt Benckiser reports slow down in sales; expects to continue to pass on cost hikes
The company narrowed its full-year net revenue growth target to somewhere between 6% and 8%, compared to previous estimations of 5% to 8%
FIVE at FIVE: THG ‘comfortably below expectations,’ Adidas boots Kanye, HSBC kicks off banking season and Rishi Sunak’s crypto vision
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Zara enters pre-owned market as it attempts to cut its carbon footprint
Clothing retailers are increasingly looking at ways to cut their carbon footprint, taking different approaches to the issue
Nestle and P&G give heads up on this week's updates from Unilever and Reckitt Benckiser
Successfully passing on price rises leading to strong sales growth, but that consumers may start to tightening the purse strings further was the consensus
Torch sales soaring amid blackout fears- Toolstation
Sales of torches, portable generators and warm clothing have skyrocketed in response to National Grid warnings
Joules mulls going down CVA route
The Leicester-based retailer is working on a “simplification agenda”
H&M to trial charging for clothing returns
Like many in the fashion world, the retailer has lamented the high number of returns and the associated costs that come with that
Card Factory swings to profit in H1 as sales also grow
The company expects to manage inflationary pressures by targeted price rises and efficiency measures and is hedged on energy costs until September 2024 and currency beyond the current financial year
Unilever boss to step down at end of 2023
Jope was in charge of the botched attempt to buy Haleon
In The Style says it is making ‘solid’ progress on growth strategy
The online womenswear retailer has launched its own-brand collection and moved to a bigger warehouse
PZ Cussons reports improving momentum in sales as inflation eats away at profits
The group, which produces hygiene products such as Carex, said adjusted pre-tax profits fell 2.9% to £66.6mln with pricing and productivity initiatives largely offsetting cost inflation which cost the business around £40mln
American rapper Kanye West to cut ties with Gap over alleged contractual breaches
Kanye West’s company Yeezy is reportedly attempting to end its contract with Gap over the retailer’s alleged failure to meet the obligations of their agreement
Patagonia's billionaire founder gives away company he built
The founder and his family received no charitable deduction or any tax benefit from the transaction
DFS Furniture, IG Group and John Lewis results in focus as Bank of England pushed back a week
Other companies reporting include Checkit, Foresight Solar, Gresham House, Hilton Foods and MJ Gleeson
Warpaint London sees full-year results ahead of market expectations as strong trading continues
The company's adjusted pretax profit for the year to end-December 2022 is expected to be in excess of £9mln