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Adidas Launches New Share Buyback Program
Kudelski Concludes Technology And Intellectualproperty License Agreement With Adidas
Adidas To Sell Reebok To Authentic Brands Group
Adidas AG is a Germany-based company that designs, develops, produces and markets a range of athletic and sports lifestyle products. The Company's segments include Europe, North America adidas, North America Reebok, Asia-Pacific, Russia/CIS, Latin America; Emerging Markets, adidas Golf, Runtastic and Other centrally managed business. Each segment includes wholesale, retail and e-commerce business activities relating to the distribution and sale of products of the adidas and Reebok brands to retail customers and end consumers. The Company has over 2,300 own-retail stores, over 14,000 mono-branded franchise stores and over 150,000 wholesale doors. The adidas and Reebok branded products include footwear, apparel and hardware, such as bags and balls.
Kasper B. Rorsted
Chief Executive Officer, Member of the Executive Board
Independent Deputy Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Executive Board
Member of the Executive Board for Global Operations
Global Human Resources
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German law firm Hengeler Mueller and Latham & Watkins are running the legal advisory team for Adidas AG’s sale of Reebok to Authentic Brands Group LLC for up to 2.1 billion euros ($2.46 billion).
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own. Refiles to add Reebok name to first paragraph.)
Adidas is selling Reebok to Authentic Brands Group(ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its core brand after a deal that did not deliver.
Adidas will keep pushing new technology for running shoes despite controversy at the Olympics over new materials that could be giving some athletes unfair assistance to break world and national records, its chief executive said on Thursday.
Some of Germany's best-known brands and industry bellwethers lifted their full-year sales and profit expectations on Thursday, citing a broad demand recovery from the effects of the pandemic.
Adidas felt the impact of a Chinese boycott of Western brands on its second-quarter results on Thursday and is also suffering from the closure of factories in major supplier Vietnam due to rising COVID-19 infections.
Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds.
Adidas will launch a new share buyback programme starting July 1 worth up to 550 million euros ($653.62 million), the German sportswear company said on Tuesday.
German sportswear company Adidas sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday as it expects a resumption of big sporting events to drive demand.
Sporting goods maker Adidas has launched the sale of its Reebok brand in an auction which risks being affected by a political row over possible forced labour in China's western Xinjiang region, three sources told Reuters.
German sportswear company Puma expects a consumer backlash against Western brands in China and congestion at ports to hit its sales though it gave an upbeat outlook for 2021 following a strong first quarter.
The Shanghai Half Marathon, scheduled for Sunday, has scrapped plans to provide runners with Adidas-branded T-shirts, according to messages sent to participants, as the German firm remains under pressure in China over comments it made on cotton from the country's western...
Fashion brands, including H&M, Nike and Adidas, have come under fire on Chinese social media for past statements they have made expressing concern over labour conditions in Xinjiang province.
German sportswear maker Adidas AG sees strong interest in its underperforming Reebok brand, which it plans to sell or spin off, its finance chief said on Wednesday.
German sportswear company Adidas aims to double its e-commerce sales by 2025 and make its products more sustainable as part of a five-year plan to lift profitability closer to that of rival Nike.
German sportswear maker Adidas AG predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, although its operating profit will be trimmed by costs associated with divesting the Reebok brand.
German sporting goods maker Adidas announced plans to resume dividend payments to shareholders after suspending payouts last year as a condition for a government-backed loan to get it through the coronavirus crisis.
German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S. fitness label to help compete with arch-rival Nike Inc.
German sportswear maker Adidas AG said on Tuesday it plans to divest the underperforming brand Reebok that it failed to revive 15 years after buying the U.S. fitness label to help compete with archrival Nike Inc.
German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike Inc on its home turf.
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