German sportswear company Adidas reported disappointing first-quarter results on Tuesday due to a big drop in sales at its TaylorMade golf business, but said a stronger second quarter was signalling a return to growth.
Avon Products Inc (AVP.N) would pay the U.S. government $135 million to settle a multiyear bribery probe into its overseas business development practices, under a preliminary agreement the beauty products company disclosed on Thursday.
Ugg’s parent company concluded its quarter ending in March with sales up nearly 12%. But the company’s final operational result fell into the red. For the fiscal year 2014/2015, it aims for growth of 13%.
Gucci's sales growth remained sluggish in the first three months of the year. Kering unveiled a reorganisation of its luxury activities with the creation of three divisions to better manage its brands.