SPORTS TALK: Adidas might conclude its $3.8 billion takeover of American activewear giant Reebok International ahead of schedule. An Adidas spokeswoman said Reebok set up a key general meeting to get shareholders' approval for Jan. 25. The European Commission's antitrust review, which has to approve the deal, also ends in January, suggesting that the agreement might be completed by then. The spokeswoman cautioned that there are issues that could "push the signature back." The original deadline was the first half of 2006.
IMG'S RUSSIAN DEAL: IMG entered a three-year event marketing and consulting deal with fashion week in Moscow, which goes into effect at the next round of shows there March 25-30. As part of the agreement, IMG will help the Russian event network with its other fashion-related initiatives, and zero in on licensing, promotional and broadcasting opportunities for Moscow Fashion Week, which is the official fashion week of Russia's High Fashion & Prêt-à-Porter Association. It was launched in 1994 and takes place biannually at the Gostiny Dvor complex in Moscow.
COLDWATER COVERAGE: Shares of Coldwater Creek on Tuesday rose 2.68 percent to $31.80 following initiation of coverage by J.P. Morgan Chase & Co. analysts Christopher Kim and Brian Tunick. The women's specialty chain is a multichannel retailer that targets women between the ages of 35 and 60, with annual household incomes of more than $75,000. It operates 165 stores, and management has a "compelling plan" for square-footage growth, according to analysts. The plan involves opening 65 stores annually over the next several years, and eventually to have more than 500 stores. Coldwater's 500-plus "store plan is supported by favorable demographics and fragmented competition," the analysts wrote. The analysts also said the "bar is set for 15 percent [pretax] margins during the next four to five years." They noted that Coldwater "has strong growth prospects, while a lack of fashion edge at its competitors leaves share-gain opportunities on the table."