Singapore state investment arm Temasek is currently in talks with the health and fitness business Cure.fit and could invest up to $100 million (Rs 665.3 crore) in the start-up to help it expand operations.
German sportswear brand Adidas has opened a store in New Delhi’s Select Citywalk mall in Saket. The store will hold a day of activities on November 30 to celebrate the store opening and engage customers offline.
Kathmandu, which has completed its acquisition of Rip Curl for A$350 million, intends to leverage the surf brand to help diversify its product and expand its geographic footprint to Europe and North America.
Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West.
John Galliano has renewed his contract as creative director of the house of Maison Margiela, in a vote of confidence in the controversial British designer by the brand's owner, Italian billionaire Renzo Rosso.