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ADIDAS FINANCIAL IMPACT
Adidas to cut 500 jobs, says Yeezy trainers are historyAdidas plans to reduce up to 500 jobs at its headquarters to improve efficiency, following a tough year after its split with Kanye West. De...- Adidas headquarters raided in years-long tax investigation, company saysGerman authorities raided Adidas headquarters on Tuesday as part of a tax investigation covering October 2019 to August 2024. The investiga...
- Newcastle United strikes historic deal: Adidas to make triumphant return as kit supplierNewcastle United is on the brink of a new era as the club prepares to bid adieu to sportswear manufacturer Castore and welcomes back Adidas.
- Adidas to start selling stockpile of Yeezy sneakers later this monthThe company said Friday that the move has no immediate impact on the company's current financial guidance for 2023.
- Yeezy shoes still stuck in limbo after Adidas split with rapper Kanye WestAdidas is stuck with stacks of its flagship Yeezy brand shoes after ending its relationship with Ye in October over his antisemitic and oth...
- Adidas to sell Reebok to US firm Authentic Brands GroupAdidas bought Reebok in 2006 but announced that it would offload the brand in February this year after struggling to lift the brand's fortu...
- Adidas apologises after backlash over refusing to pay rent amid coronavirus scareThe German sportsgear maker said they paid their landlords the rent for April.
- Reebok fraud: Parent adidas welcomes MCA actionAccording to the statement, Reebok India officials Claus Heckerott and Shahin Padath originally discovered the fraud.
- Government starts prosecution proceedings in Reebok fraud caseThe government has started prosecution proceedings in the case of alleged financial fraud at sportswear maker Reebok India.
- SFIO to soon start prosecution proceedings in Reebok caseSerious Fraud Investigation Office is expected to soon start prosecution proceedings in the case of alleged financial fraud at Reebok India.
- Reebok India's Rs 870 crore fraud 'deep in the past': Adidas India MD Eric Haskell"This (Reebok fraud) is deep in the past for us. We are focused on growing the business," Adidas Group India Managing Director Eric Haskell...
- Corporate affairs ministry likely to take final view on Reebok probe report soonWith the Law Ministry giving its opinion on the SFIO probe report on alleged financial irregularities at Reebok India, Corporate Affairs Mi...
- Reebok India to open 100 'fit-hub' stores by early 2014Reebok will open 50 'fit-hub' stores in India which will be more than half of the 80 such outlets that the sportswear brand has at present ...
- Despite Hit, Adidas to revive troubled Reebok BrandAdidas said the fraud in India in 2011 made a dent of about Rs 1,500 cr, in its balance sheet for that year, much more than its last year's...
- Revamp Begins: All 200 employees at Reebok India offered VRSThe VRS will include career support and severance packages based on the time frame of their association with Reebok India Company.
- Reebok's Q2 global sales down 26pc due to India issues: AdidasAdidas said it does not expect any major deviation from the $86.1 mn in restructuring cost it has already flagged for "commercial irregular...
- Reebok India scales down reported loss on fictitious salesReebok India has told the govt's SFIO that the loss on account of fictitious sales is less than half of what it had originally alleged in i...
- Adidas to cut Reebok store base in IndiaAdidas has said it will shut about one-third of Reebok brand stores in India as part of a restructuring after discovering 'commercial irreg...
- Adidas' global profits hit by Rs 870 crore on Reebok India irregularitiesAdidas did not reveal the nature of the irregularities, only saying these occurred before 2012 and were being investigated.
- Adidas finds 'irregularities' in Indian armAdidas revealed that it is investigating certain unexplained "commercial irregularities" at it Indian arm, Reebok India.
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