Shares of VF Corp, the parent company of The North Face, Vans, and Supreme Brands, surge after activist investor Engaged Capital takes a stake and calls for divestitures to reduce debt. Meanwhile, Adidas raises its guidance for the second time in three months, driven by strong sales of Yeezy sneakers. The German footwear brand expects a significant improvement in operating losses, projecting around $106 million for the year.
Adidas will be the exclusive apparel and footwear sponsor of Overtime Elite after the two sides agreed on a multi-year partnership, featuring new-look uniforms and gear: https://t.co/R79ZEyO8fC https://t.co/IH8uYtiZgK
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Adidas Boosts Guidance On Sales Of Remaining Yeezy Inventory https://t.co/3BNwknBZqt
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Beijing weighs delaying approval of $69 bln Broadcom-VMware deal- FT https://t.co/prjB7QCfkz https://t.co/jW1tNColrw
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Adidas shares climb after boost from Yeezy sales, guidance raise https://t.co/sMJ2a6UTL3
Adidas shares jump after 2023 guidance raise https://t.co/omKQz3VEvJ https://t.co/1iBYZNdzOR
German footwear brand Adidas announced Tuesday in a full-year guidance it expects around $106 million in operating losses this year—a more than $600 million improvement from its expected losses near the start of the year. https://t.co/yGnru3CKjy
Adidas Cuts Projected Losses By Over $300 Million After Selling Yeezy Shoes https://t.co/4Rd1EJznqQ https://t.co/M7tRx2IRyD
Vanguard sells stake in joint venture with China's Ant https://t.co/LHjGgpSNyP https://t.co/a4efGHSiU7
Adidas says latest batch of Yeezy sales generated nearly $160M in Q3 https://t.co/9WfhbrBsN1 https://t.co/AKv3PEgZg4
Adidas boosts its guidance for a second time in three months after selling another batch of Yeezy sneakers from its canceled partnership with rapper and designer Ye https://t.co/TPbSzxIcAz
Activist investor Engaged Capital has taken a stake in VF Corp. and wants the the owner of the Vans and Supreme Brands to make divestitures to pay down debt https://t.co/BX6PCR8vbv
Engaged Capital takes stake in VF Corp, stock jumps https://t.co/DzASO3eXhs https://t.co/FZZRmNMgOR
Adidas boosts its guidance for a second time in three months after selling another batch of Yeezy sneakers from its canceled partnership with rapper and designer Ye https://t.co/GayOIzeNvC
Adidas Lifts Guidance Again After Second Yeezy Sneaker Boost https://t.co/C16rDjhqXA
Vans, North Face owner VF Corp shares jump after activist investor builds stake https://t.co/KWr4IiKcP8
Activist investor Engaged Capital has taken a stake in VF Corp. and wants the the owner of the Vans and Supreme Brands to make divestitures to pay down debt https://t.co/5SQAFKvc9f
Shares of the parent company of The North Face and Vans are on pace for their best day in more than a decade. https://t.co/dnARzi6pHf