Round-Up: Real Madrid tops brand value chart, Puma says financial guidance ‘impossible’, Beijing 2022 fashion line launched, and more

Boxer Zou Shiming, his wife Ran Yingying, their sons Zou Mingxuan and Zou Minghao attend the launch ceremony of licensed sportswear for the 2022 Winter Olympic Games on July 27, 2020 in Shanghai, China. (Photo by VCG/VCG via Getty Images)

Real Madrid is the world's most valuable football brand, according to an annual report by brand consultancy Brand Finance. The report says the Spanish club's brand is worth €1.419bn ($1.67bn), followed in second place by arch rival Barcelona, just behind on €1.413bn - Brand Finance

Sportswear manufacturer Puma said it was "impossible" to provide an accurate financial outlook for the year due to Covid-19, as it reported its second quarter results. Second-quarter sales fell 30.7 per cent to €831m ($979m), and it made a loss of €115m - Reuters

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