StockWatch: Adidas to Divest Reebok Brand
Adidas has predicted a strong rebound in sales in 2021 after more than 95% of its stores have reopened after Covid-19 lockdowns.
However, its profits are likely to be trimmed by costs associated with divesting the Reebok brand.
Louis Vuitton has expressed cautious confidence in a recovery in 2021 as well. As the pandemic passes, analysts expect its revenue and earnings to rise by 64% this year.
With fashion and perfumes being its main income, will the company have to look at its other businesses to keep up momentum such as its #watches and jewelry segments?
– ADSG 04:05
– LVMH 05:10