Adidas’ profits plunge from Russia and Ye exit
Nov 9th 2022 10:11am EST
The sportswear giant slashed its annual outlook for the fourth time since the beginning of the year German sportswear giant Adidas saw its net profit nearly halve in the third quarter of 2022 after leaving the Russian market and canceling a partnership with Kanye West. The company’s net profit tumbled to €352 million ($353 million), […]
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