PPR SA , the owner of Gucci and Puma, ruled out making big acquisitions and repeated it will target mid-sized companies with high-growth potential as it reorganizes around luxury goods, sports and lifestyle items.
Metro AG rose the most since November in Frankfurt trading after Franz Haniel & Cie GmbH reduced its stake in Germany’s biggest retailer, removing a burden that had hung over the stock for more than two months.
When he reached his late 20s, Ryan Meade watched his friends get “kind of fat” as they married and settled down. To fight the pudge, he took up obstacle racing -- endurance contests where he slogs through deep mud, scales walls and slithers under barbed wire.
Carrefour SA , the world’s second- biggest retailer, plans to exit Singapore, Malaysia and Thailand, and is seeking offers for its operations in the Southeast Asian countries, said four people familiar with the matter.
Danone said baby-nutrition sales will fall in the third quarter because it recalled infant- formula products in Asia after a warning of tainted ingredients in some products supplied by Fonterra Cooperative Group Ltd.
Metro AG, Germany’s biggest retailer, has spent much of the past four years trying to hive off department stores, supermarkets and other assets. With little to show for the effort other than a sinking stock price, the nation’s benchmark index today hived off Metro instead.