Royal Ahold NV shares fell the most in more than a year after the biggest Dutch retailer said it has been losing market share in the Netherlands and a plan to redistribute cash to shareholders fell short of some analysts’ expectations.
Adidas AG, the world’s second-biggest sporting-goods maker, said the build-up to next year’s soccer World Cup in Brazil will boost revenue from the current quarter as it starts selling team jerseys and the official match ball.
French shoppers plan to cut their Christmas-season spending, joining Italians and Greeks in reducing purchases as unemployment in the euro region lingers at record highs, a study by Deloitte LLP shows.
Deutsche Bank AG co-Chief Executive Officer Juergen Fitschen, already facing a tax evasion case, was added to suspects in a probe of former bank executives’ testimony in a lawsuit filed by Leo Kirch’s media group.
Hugo Boss AG, the German luxury clothing-maker, reported earnings that missed analysts estimates as a difficult market environment in China and a weakening wholesale business offset higher retail sales.
In the 1970s, Switzerland’s watchmakers were almost put out of business when they underestimated the importance of the quartz watch. Though the industry recovered and is prospering, today it faces a new technological challenge from “smartwatches” such as Samsung Electronics Co.’s $299 Galaxy Gear.