StockWatch: Adidas to Divest Reebok Brand

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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?

Timestamps:
– ADSG​ 04:05​
– LVMH​ 05:10

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