Retail

French retailer Pinault-Printemps-Redoute (PPR) made a $7.07 billion (5.3 billion euro) bid to add German sportswear company Puma to its line-up of Gucci and Yves Saint Laurent iconic fashion brands.

Circuit City Stores strengthens its IT infrastructure using IBM at more than 600 Circuit City superstores.

On Monday, April 2, 2007, Kraft Foods Inc. Chairman and CEO Irene Rosenfeld joined 11 Kraft employees from around the world to ring The Opening Bell at the New York Stock Exchange, marking the company's first day of trading as a fully independent company.

Throttleman deploys the RetailID RFID system from Paxar, Sybase and CreativeSystems to enhance its supply chain processes.

BP deploys a global POS system from Retalix.

RSI ID Technologies (RSI), an RFID tag manufacturer and systems integrator, releases two specialty RFID-enabled retail displays.

Reebok International Ltd. files a lawsuit against Nike Inc. in the U.S. District Court for the Eastern District of Texas, claiming Nike infringed on a patent arising from Reebok's collapsible shoe technology.

VF Corporation completes the sale of its global intimate apparel business to Fruit of the Loom Inc., a subsidiary of Berkshire Hathaway Inc. Proceeds of the sale will consist of the previously disclosed $350 million purchase price, plus adjustment for working capital changes.