Herbert Hainer News
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Uli Hoeness, the president of Bayern Munich soccer club who is being investigated for tax evasion, was asked to stay as the German champion’s chairman by fellow supervisory board members.
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Adidas AG reported first-quarter profit that beat estimates and said its gross margin widened to a record, sending the shares to the highest level ever.
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Adidas AG used to tell athletes that “impossible is nothing.” The company is taking that advice to heart with a vow to come from the back of the field -- sixth place -- and overtake rival Nike Inc. as the U.S. leader in running shoes.
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Adidas AG , the world’s second- largest sporting-goods maker, will increase sales and profit in 2011 as China rebounds and Russia becomes the company’s top European market, Chief Executive Officer Herbert Hainer said.
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German stocks rose, halting a three day retreat for the benchmark DAX Index, after better-than- forecast U.S. durables-goods and housing data bolstered confidence in the world’s largest economy.
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Adidas AG, the world’s second- largest sporting-goods maker, expects record soccer sales next year as the European championship finals take place in Ukraine and Poland, Chief Executive Officer Herbert Hainer said.
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Adidas AG, the world’s second- largest sporting-goods maker, forecast higher sales and profit this year and raised its dividend by 35 percent as it targets fast-growing emerging markets and introduces new products.
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German stocks rose to their highest in more than five years as European Central Bank President Mario Draghi maintained his view that the euro-area economy will gradually recover later this year, even as policy makers reduced their economic and inflation forecasts.
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Adidas AG Chief Executive Officer Herbert Hainer said “there is a good chance” for the company to expand its market leadership as a soccer sports brand with the World Cup tournament and that he is “more than satisfied” with sales numbers so far, the Financial Times reported, citing an interview with Hainer.
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Adidas AG Chief Executive Officer Herbert Hainer said the German sporting-goods maker will grow significantly this year after a strong 2010, DAF Deutsches Anleger Fernsehen reported, citing an interview.
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