Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings
In a profit warning issued on February 9, Adidas warned that the end of its Yeezy deal would reduce its earnings by €1.2 billion this year.
"Selling remaining stock can make the best out of the situation by recovering some of the lost profit and costs," he said in a research note."I think to sell it themselves and to split the proceeds with the charity will be the most likely outcome.", according to S&P credit analysts. The western province, which is home to China's Muslim Uyghur minority, is the source of around four-fifths of the country's cotton.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adidas Sambas and Gazelles could recoup lost Yeezy revenueInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Adidas calls out ridiculous things women runners must do to feel safeInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Adidas exec releases biodegradable sneaker from Unless CollectiveInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Kanye West, ‘wife’ Bianca Censori spend time with his daughter North at UniversalThe Yeezy fashion designer also took Censori to dinner with North about a week after the pair “married” in a non-legal ceremony.
Read more »
Silicon Valley Bank CEO sold $3.6 million in stock days before the bank’s failureSilicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failur…
Read more »
SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloffAs SoFi shares fell Friday amid the fallout over Silicon Valley Bank's collapse, the financial-technology company's chief executive bought up stock.
Read more »