German sports equipment maker Adidas reported net losses of 58 million euros in 2023, its first since 1992.
Emese Grancsa
International
Photo by Fachry Zella Devandra on Unsplash
Always see our news on Google
The loss of its Yeezy sneaker line, the result of its collaboration with Kanye West, has hurt Adidas sales. Despite those losses, the company expects its core business, excluding Yeezy, to improve in 2024, with growth of more than 10% in the second half. Adidas also anticipates a sales decline in the Americas but a more solid recovery in China.
Sources
Latest News
23:05
Sorin Grindeanu announces the formation of a government with full powers until August 15 / Excludes an alliance with AUR
22:57
Nicuşor Dan sent a delegation to the USA to discuss with American officials about the incidents involving Russian drones in Romania and the security of the Black Sea.
22:38
Radu Miruță stated that the drone shot down on Friday is of Russian origin / The Romanian Army will intercept any drone that violates the airspace.
22:21
Poland condemns illegal incursions into the airspace of Romania
22:06
Ukraine holds 26 of the 34 critical raw materials of the EU, but extraction will not eliminate Europe's dependencies.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
