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Cambodia shoe factory collapse kills two, prompts probe

A ceiling collapse at a Cambodian shoe factory killed two workers Thursday, spurring a government vow to inspect all garment plants amid heightened safety fears after last month's disaster in Bangladesh. Local rescue teams, helped by soldiers, scrambled to search through the rubble of the fallen structure early Thursday, which appeared to have been on a mezzanine level laden with crates of trainers and canvas shoes.

Puma teams up with ASOS for round two

The online fashion site ASOS has teamed up with Puma for a second collaborative collection.  Available from late June onwards and combining fashion and sport, prints and workwear materials, ASOS has teamed up with sportswear label Puma for a second ASOS Black collaboration.  ASOS Black combines the talents of the online fashion retailer's own design team, who are "inspired by premium men's collections" with other fashion forward brands. Previous ASOS Black collaborations have also featured London designer Markus Lupfer. 

Puma teams up with ASOS for round two

The online fashion site ASOS has teamed up with Puma for a second collaborative collection.  Available from late June onwards and combining fashion and sport, prints and workwear materials, ASOS has teamed up with sportswear label Puma for a second ASOS Black collaboration.  ASOS Black combines the talents of the online fashion retailer's own design team, who are "inspired by premium men's collections" with other fashion forward brands. Previous ASOS Black collaborations have also featured London designer Markus Lupfer. 

Puma teams up with ASOS for round two

The online fashion site ASOS has teamed up with Puma for a second collaborative collection.  Available from late June onwards and combining fashion and sport, prints and workwear materials, ASOS has teamed up with sportswear label Puma for a second ASOS Black collaboration.  ASOS Black combines the talents of the online fashion retailer's own design team, who are "inspired by premium men's collections" with other fashion forward brands. Previous ASOS Black collaborations have also featured London designer Markus Lupfer. 

Scented underpants for men, a 'Made in France' special

A company that specialises in "Made in France" underwear has raised nearly 19,000 euros ($25,000) from enthusiastic investors banking on its next titillating creation -- sweet-smelling underpants for men. The so-called "Indomitable" briefs will be manufactured by "Le Slip Francais", a company set up in 2011 by 27-year-old Guillaume Gibault, who decided to bank on a trend for all things made in France to sell underwear.

Adidas net profit rises in first quarter

Europe's biggest sportswear maker Adidas said Friday that its net profit grew six percent to 308 million euros ($403 million) in the first quarter and forecast full-year net earnings of up to 920 million euros. The German company that competes against Nike and Puma said revenue was down 1.9 percent at 3.75 billion euros, blaming negative currency effects. "Our group has delivered a solid performance in the first quarter of 2013," said Adidas Group chief executive Herbert Hainer in a statement.

Royal Canadian Navy to run white ensign up the mast starting Sunday

OTTAWA - The Royal Canadian Navy is getting a new ensign to fly at the masthead and at naval shore establishments. The naval ensign, a white flag with the Canadian Maple Leaf flag in the top corner closest to the mast and a blue navy badge in the outer half, will now fly from the mast of warships at sea. The regular Maple Leaf flag will now be designated as the navy jack, which means it will fly from the ship's bow when it is tied up at a dock or buoy. Essentially, the change merely switches the positions of the two flags.

Puma hires jewellery CEO to turn fortunes around

By Mette Fraende and Victoria Bryan COPENHAGEN/HAMBURG (Reuters) - Puma <PUMG.DE> poached a new chief executive from Danish jeweller Pandora, hiring a man with experience on the football field and at long-time rival Adidas <ADSGn.DE> to lead a turnaround of the German sportswear company. Bjorn Gulden has revived the fortunes of Pandora <PNDORA.CO> in the year he has been in charge, more than doubling the share price and pushing sales up 53 percent.

FBR plans to introduce procurement tax labels to tackle illicit tobacco trade

To tackle the issue of illicit tobacco trade in Pakistan, Federal Board of Revenue (FBR) has planned to introduce Procurement Tax Labels and Supervision System, but the solution being favoured through the tendering process has already proven a failure in tackling the issues in many countries of the world. A glance at worldwide experience shows that the proposed system implemented in different countries like Malaysia, , Brazil, Turkey and in some states of USA could not deliver the desired result as the paper-based stamps proved to be ineffective in addressing illicit trade challenges

Adidas says net profit down in 2012

German sportswear and equipment maker Adidas said Thursday that one-off writedowns hit its bottom line in 2012, but underlying profits increased due to higher sales. Adidas said in a statement that its year-end net profit declined by 14.2 percent to 526 million euros ($683 million) last year. But the group said the figure included goodwill writedowns of 265 million euros largely related to "adjusted growth assumptions for the Reebok brand, especially in North America, Latin America and Brazil."
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