Edition:
India

Emma Thomasson

Lufthansa closes in on $10 billion state rescue deal

21 May 2020

BERLIN Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic. | Video

KKR snaps up Coty's Wella as pandemic dulls beauty sales

11 May 2020

Coty Inc is selling a majority stake in its hair and nail care business to U.S. buyout firm KKR & Co Inc for $3 billion in cash, well below what it was valued before the coronavirus pandemic ravaged the beauty business.

UPDATE 2-Henkel launches more hygiene products during pandemic

11 May 2020

BERLIN, May 11 German consumer goods group Henkel said on Monday it is launching more hygiene-related products in response to the coronavirus pandemic after it reported a big jump in first-quarter sales of detergents, soap and household cleaners.

Fashion shift online picks up even as stores reopen

07 May 2020

BERLIN Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results from major companies showed on Thursday.

Puma limbers up for exercise-driven recovery

07 May 2020

BERLIN Puma expects its second-quarter results will be worse than the first as so many stores are closed in coronavirus lockdowns, but the German sportswear firm is optimistic sales will bounce back as the crisis has led more people to exercise.

UPDATE 2-Puma limbers up for exercise-driven recovery

07 May 2020

BERLIN, May 7 Puma expects its second-quarter results will be worse than the first as so many stores are closed in coronavirus lockdowns, but the German sportswear firm is optimistic sales will bounce back as the crisis has led more people to exercise.

Beiersdorf sells more hand cream, less sunscreen

05 May 2020

BERLIN Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due to the coronavirus pandemic while sales of hand wash, hand creams and plasters jumped.

UPDATE 1-Beiersdorf sells more hand cream, less sunscreen

05 May 2020

* Shares drop 2.7% in morning trade (Adds CEO comments, details)

Hugo Boss expects 50% sales drop next quarter as crisis impact worsens

05 May 2020

BERLIN Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares.

Service with a (masked) smile as Germany reopens stores

30 Apr 2020

BERLIN The eyes of the retail world are on Germany, the first major Western economy to start reopening bigger stores.

World News