Articles by DPA
Global Fashion Group: Margin gains carry profitability through soft demand
Hamburg - NuWays AG has issued an update on Global Fashion Group S.A. (GFG), confirming its "BUY" recommendation with an unchanged 12-month target price of 1.00 euro, according to analyst Christian Sandherr. GFG's third-quarter figures show that improved unit economics hold up even as demand softens, with normalised free cash flow remaining...
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Westwing posts 13 percent Q3 revenue growth as international sales accelerate
Hamburg - NuWays AG has published an equity research update on Westwing Group SE (ISIN: DE000A2N4H07), in which analyst Christian Sandherr reiterates a "BUY" recommendation with an unchanged 12-month target price of 23.50 euros. Westwing delivered its fifth consecutive quarter of growth despite a soft consumer backdrop and higher freight costs....
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Foreign trade president: Trump's tariff policy will persist
The Federation of German Wholesale, Foreign Trade and Services (BGA) is dampening hopes that US president Donald Trump will change his tariff policy following the Republican defeat in the midterm elections. “For foreign trade, the results of the US congressional elections initially change nothing,” BGA president Dirk Jandura told the Rheinische...
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Puma continues to lose revenue and records losses
Sportswear manufacturer Puma continues to experience a decline in revenue. Third-quarter revenue fell by 5 percent year-over-year to approximately 1.78 billion euros (1.99 billion dollars), the company announced on Friday in Herzogenaurach. On a currency-adjusted basis, the decline stood at 6.3 percent. Puma recorded weaker demand, particularly...
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Adidas convinces investors with strong growth
Investors reacted positively on Thursday to the detailed quarterly figures from Adidas. By midday, the shares topped the firm DAX benchmark index with a gain of nearly 4 percent. For the first time since mid-August, they reached a peak of 165 euros, having fallen below 140 euros at the beginning of October. Following a recent weaker performance...
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After EU fine of 200 million euros: what Temu plans to change
Online giant Temu pledges to improve consumer protection following an EU fine of 200 million euros (228.8 million dollars) and submits proposals for changes to the European Commission. Going forward, the shopping portal is to examine whether its recommendation algorithms help spread illegal products, as the Brussels authority announced. The...
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Kering slumps - L'Oréal slightly stabilises consumer goods
Kering shares slumped on Friday. They most recently fell by 11 percent, marking their lowest level since July 2025. This resulted in another negative surprise within the luxury segment. Just the day before, Hermès shares had fallen after its figures failed to convince. In the wake of Kering's decline, other stocks in the sector such as LVMH and...
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Nike Bets On India With New Bengaluru Campus As It Pushes Turnaround
Washington County - Nike (NKE) is expanding its presence in India with plans for a new global campus in Bengaluru as the sportswear giant looks to revive growth under CEO Elliott Hill and tap into one of the world's fastest-growing consumer markets. The campus, expected to open within the next few years, will house corporate roles spanning Nike,...
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NuWays reiterates Buy on Westwing, sees around 100 percent upside
Hamburg - In an update on Westwing Group SE (ISIN: DE000A2N4H07), analyst Christian Sandherr of NuWays AG has reiterated a "BUY" recommendation with a 12-month target price of 23.50 euros. Following the recent share price weakness, the research firm sees roughly 100 percent upside at current levels. Impressions at the firm's conference in Paris...
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Hugo Boss names Ivica Maric CFO and COO after Yves Müller exit
Fashion group Hugo Boss, which is facing a potential takeover, is replacing its chief financial officer. The current incumbent, Yves Müller, is leaving the executive board at his own request and for personal reasons, the SDax-listed group announced in Metzingen on Monday. Ivica Maric will take over as his successor for the finance department and...
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