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Adidas gets rare sell as Bank of America sees slowing growth

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Bloomberg

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January 6, 2026

Adidas AG shares slid on Tuesday as Bank of America Corp. gave the stock a rare sell rating, saying things are about to get tougher for the German sneaker maker.

Inside an Adidas store – Divulgação

The abrupt double downgrade sent the shares down as much as 7.6%. Analysts led by Thierry Cota predicted a return to single-digit sales growth this year, adding that Nike Inc.’s turnaround is a potential competitive threat and other brands like On, Asics, and Puma may attract more attention. The bank moved its rating to underperform from buy.

The move puts a dent in a wall of optimism among analysts, which remained in place as the stock lost almost 30% of its value in 2025 as currency fluctuations weighed on earnings. About 84% of those tracked by Bloomberg still have buy or equivalent ratings.

While Bank of America expects the 2026 FIFA World Cup to deliver a boost, they said growth will likely moderate from there. The analysts urged caution for the sector more generally, downgrading JD Sports Fashion Plc and saying the 20-year “casualisation trend” is largely complete.

“The question is what comes after the World Cup boost,” wrote analysts including Cota. “We expect sporting goods names with sustained and strong growth, like On and Asics, to be more in focus in a sector where investor interest is waning.”

The bank cut its price target to 160 euros, the lowest estimate among analysts and implying about a 6% drop from yesterday’s close. The stock traded at 158.60 euros as of 11:08 a.m. in Frankfurt. 



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Elizabeth Scarlett in Valentine’s Day collab with Dalloway Terrace

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January 9, 2026

Thirty-seven days and counting: Elizabeth Scarlett, lifestyle and accessories brand has Valentine’s Day firmly in its sights, announcing a creative partnership with Dalloway Terrace, London’s dining destination at The Bloomsbury.

Elizabeth Scarlett

Bringing together two British brands “united by a shared love of beauty and storytelling”, the collaboration will see Dalloway Terrace transformed into an immersive space “celebrating love, nature and artistry”. It’s a trend we’re seeing more and more often with brands linking up with complementary destinations in a way that benefits both partners.

Inspired by Elizabeth Scarlett’s signature wildflower motifs – the terrace will feature a specially commissioned floral installation, “drawing guests into the brand’s romantic, nature-led world”.

At the heart of the partnership is a limited-edition Afternoon Tea, specially created to celebrate the partnership with a special menu (pastries and sweets inspired by the brand’s signature storytelling).

To mark the event, every guest who books a space on the day will receive a complimentary limited-edition Elizabeth Scarlett love heart stripe pouch (RRP £38), created for the collaboration. Some of the proceeds will also be donated to wildlife conservation.

Elizabeth Petrides, founder of Elizabeth Scarlett said: “We wanted to create a moment where guests can slow down, look closer, and feel immersed in the natural world – even in the heart of the city. From the wildflowers that surround you to the wildlife artwork at the core of our brand, it honours the magic that happens when artistry and nature meet.”

Copyright © 2026 FashionNetwork.com All rights reserved.



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LVMH Champagne union calls for further strikes

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Reuters

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January 9, 2026

The CGT labour union at LVMH‘s champagne units called for new strike action next Thursday, as it seeks to pressure management to compensate workers for lost bonuses.

The LVMH business includes fashion and refreshments – DR

CGT labour representatives from the Moet&Chandon and ⁠Veuve Clicquot champagne houses said in a video addressed to workers on Friday that they ⁠should drop their tasks for “at least three hours.” The union launched protests last month against a cut in annual bonuses and other ‍benefits ‌at the world’s largest luxury group, even as it keeps
The ⁠group hasn’t yet ‌publicly commented on the labour dispute. LVMH’s ‌Moet Hennessy alcohol division had no immediate comment when contacted by Reuters on Friday.

Management at the unit had offered to pay a one-off 1,000 euros ($1,162.20) payment ‍to workers after it said it would not pay usual annual bonuses amid a decline in sales, ‌said ⁠the ​CGT, an offer “not at the height of our ⁠expectations.”

“It ​is really important to continue to put pressure on the company,” a CGT official said in the ​video message, adding that further talks are planned for Wednesday. So far, no strike action ⁠has been announced at ⁠LVMH’s other drinks businesses, including the Hennessy cognac brand.
 

© Thomson Reuters 2026 All rights reserved.



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Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

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Reuters

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January 9, 2026

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News ⁠reported on Friday, citing people familiar with the matter.

Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026 – REUTERS/Angelina Katsanis

The ⁠owner of New York’s century-old Fifth Avenue flagship store is preparing ‍to ‌file for bankruptcy without a restructuring ⁠deal in ‌place, though it aims ‌to craft one in the coming weeks, according to the report.

The company is also in ‍advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which ‌would ⁠allow ​it to keep its ⁠business ​running during bankruptcy and pay vendor dues, the report added.

Saks ​Global did not immediately respond to a Reuters ⁠request for comment.

© Thomson Reuters 2026 All rights reserved.



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