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Foot Locker’s forecast shows it’s overcoming Nike pullback

  Bloomberg Foot Locker Inc shares climbed after its forecast showed the retailer is overcoming Nike Inc’s move to sell more shoes via its own channels. Foot Locker said that it now expects full-year sales and profit to be at the high end of its prior expectations. Chief Executive Officer Dick Johnson said the company is “off to a strong ...

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Rapid grocery apps take it slowly after Dutch cities push back

  Bloomberg Rapid delivery companies have curbed their ambitions in the Netherlands after disgruntled Dutch cities put a halt on the explosive growth of their distribution centers. After months of consultations, Flink SE, Getir and Gorillas signed a joint code of conduct that could crimp their ability to make super-fast deliveries in a concession to Dutch municipalities. The companies pledged ...

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Air France-KLM talking with Apollo on $528m injection

  Bloomberg Air France-KLM is in talks with Apollo Global Management Inc about a 500 million-euro ($528 million) capital injection that would allow the carrier to repay a chunk of the state aid that helped it survive the Covid crisis. The funding would see the US private-equity firm provide capital to an Air France affiliate that owns a pool of ...

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