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Adidas raises target after strong 2017

Global sportwear Group Adidas, which includes the Reebok brand, reported operating profit up +31% to €2.1 billion in 2017, with online sales jumping +57% to €1.5 billion, or about 7% of sales.

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Adidas expects revenue growth in 2018

Kasper Rorsted, CEO, Adidas, is confident the sportwear manufacturer will record strong revenue growth in 2018, despite falling sales in the basketball and football segments and the general slowdown forecast in Europe due to Brexit.

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Puma goes home

The move in the last few days to transfer €3.5 billion worth of Puma shares from the Luxury Group Kering into the hands of the Puma shareholders, at a stroke reducing the Kering interest from about 86% down to 16%, has passed with little comment.

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U.S. and China drive Adidas Q3 sales

Third quarter 2017 sales are reported to have continued to deliver strong financial performance, with sales in Greater China and North America increasing at double-digit rates.

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Adidas announces strong start to 2017

Global sportswear Group Adidas recorded a strong start into the year with currency-neutral revenues increasing 16%; reflecting an 18% increase at the brand Adidas as well as a 13% increase at the Reebok brand. 

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Adidas to present sustainability targets in Hong Kong conference

Austin Davidsen, Senior Manager in Footwear Materials – Leather, Adidas Group, will be presenting 'Corporate Sustainability Goals and Chemical Management Targets - The Way Forward', at upcoming the Sustainability in the Leather Supply Chain Conference to be held in Hong Kong on March 30, 2017.

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2016 an exceptional year for Adidas

The international sportswear giant has posted record sales and earnings in 2016 with double-digit growth in nearly all market segments; attributed to the “Creating the New” strategy developed by the Group.

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Adidas to open Speedfactory in Atlanta

Adidas has announced it will open a new footwear production site in the Atlanta area in 2017. The new facility, called Adidas Speedfactory, will allow Adidas to create product more quickly and closer to U.S. consumers.

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