Solid start for new adidas CEO
04/11/2016
Sportswear manufacturer adidas reported a 17% increase in sales during the third quarter, in the first financial report since a new CEO took charge. Revenue was the quarter was $5.4 billion, on which adidas achieved a net profit of €387 million, a 15% rise year-on-year. For the first nine months of the year, sales of footwear are up 27%, while...