Changing Companies and Evolving Enterprises: 4

By Guy Routledge

  1. The legal cannabis market is an exciting one: it’s predicted to grow globally over the next ten years, with global spending to hit over $70 billion by 2027. Looking to jump on the bandwagon, ATG Pharma has partnered with Evolv Ltd as a European distributor, providing the Canadian-based company with a solid foundation for expansion in both the European and international cannabis markets. With more and more European countries legalizing cannabis for medical purposes, this market could very well outperform the North American market, and ATG Pharma will be one of the first to reap the rewards.
  2. Decathlon vs. Nike vs. Adidas — World War III is upon us sooner than expected. Undeterred and unphased by the pandemic, the French sporting goods company has massive expansion plans for Germany — namely the opening of 140 new branches. It will also close 5 smaller stores as part of this restructuring which will have the two heavyweights of the sporting world quaking in their boots.
  3. A giant of the clothing world has not fallen, but it has been wounded. Inditex has been impacted hugely by the pandemic — its sales dropped by 44% between the beginning of February and the end of April of this year, and it is currently in the process of closing 1,200 stores as it tries to boost its online sales. That said, the headcount will remain stable as staff will be offered jobs such as dispatching online purchases as the company will be trying to sell more clothes online. According to their new plan, online sales will account for more than 25% of their total turnover by 2022; in 2019, it was 14%. Online shopping has never been more prevalent, and high-street shopping could soon be a thing of the past.

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