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In 2006, Adidas purchased Reebok for about $3.8 billion. The goal was to increase the company's presence in the sneaker market to better compete with Nike. In the past several years, Adidas' sales have grown, while Reebok's sales have been poor. As a result, Adidas has agreed to sell Reebok to Authentic Brands Group for about $2.5 billion, abandoning its investment in Reebok.
Meet Our First 10 Ascend Honorees. The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! Launched in December 2020 as part of our Diversity, Equity & Inclusion initiative, Ascend honorees are carefully selected for their outstanding contributions within and outside their organizations.
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Deal making in the Asia Pacific region is experiencing a boom in 2021. In Q1 2021, Mergers and Acquisitions (M&A) activity in APAC-ex Japan was up by 55%, the highest level since 2015. PwC ’s M&A 2020 Review and 2021 Outlook , reported a similar observation in China with M&A activities up 30% to US$733.8 billion in 2020, the highest since 2016, driven by strong state and government investment support.
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No role in the company has undergone a bigger development than the role of the CFO. From bean counter to business partner, the same development has flowed through the finance function: from cost center to profit driver. These are at least the developments that external stakeholders are demanding from Finance and the CFO. However, the global pandemic has revealed that we are not there yet.
No role in the company has undergone a bigger development than the role of the CFO. From bean counter to business partner, the same development has flowed through the finance function: from cost center to profit driver. These are at least the developments that external stakeholders are demanding from Finance and the CFO. However, the global pandemic has revealed that we are not there yet.
The growing audit control gaps can result in higher organisational risk, said Gartner recently when releasing results of its survey of 200 audit business partners in February. Survey highlights. 56% of respondents said they were facing more changes in the last two years and a large majority agreed these changes were both bigger (81%) and faster (74%) The pace of change is set to continue with 65% of executives expecting significant transformation in their industry over the next two years.
In 2006, Adidas purchased Reebok for about $3.8 billion. The goal was to increase the company's presence in the sneaker market to better compete with Nike. In the past several years, Adidas' sales have grown, while Reebok's sales have been poor. As a result, Adidas has agreed to sell Reebok to Authentic Brands Group for about $2.5 billion, abandoning its investment in Reebok.
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ACCA chief executive Helen Brand recently called on businesses to appoint more female directors because it makes sense commercially as well as ethically. ‘Of the Forbes 500 list of the world’s biggest companies only 41 have CEOs who are women,’ said Brand. “That’s 8%. That only makes sense if you believe that men are 12-and-a-half times smarter than women; are 12-and-a-half times more talented than women; or work 12-and-a-half times harder than women.”.
Global fintech investment reached US$98 billion across 2,456 deals in the first half of 202 — outpacing last year’s annual total of $121.5 billion across 3,520 deals, said KPMG recently. M&A deals continued at a healthy pace, accounting for $40.7 billion across 353 deals in H1’21, compared to $74 billion across 502 deals during all of 2020, the company pointed out.
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FMCG (fast moving consumer goods) sales growth in China remains subdued though regaining traction, said Bain & Company recently when releasing its 10th annual China Shopper Report Vol I, done in collaboration with Kantar Worldpanel. FMCG spending rebounded in Q2 of 2020 in the country after a dip in the first quarter of 2020, according to the company.
Co-working space operator JustCo has deployed Workday Financial Management across its finance operations at its Singapore headquarters and in its overseas offices, said Workday recently. JustCo has opened and secured 11 new co-working locations in the last 18 months, planning to introduce more locations in key growth markets such as Singapore, Australia, Indonesia, Japan, Malaysia and South Korea, according to a Workday statement.
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