I don't expect any problems because both firms have a much larger combined dominance in North America than in Europe where Reebok is weak.
Hugo Boss has managed to grow very strongly despite the difficult market environment.
The precise impact cannot be specified yet. It all depends on how the company positions itself for the time after its rights expire.
I think they will reach their guidance. It will depend on the fourth quarter and the performance of the Real (food) stores.
Investments for new products and marketing for the soccer World Cup will have an effect on the profit margin.
The order backlog is very strong, particularly in North America and Europe.
