Retail Human Resources plc
Profits rise at Adidas
06 March 2008 09:18
Adidas has reported a 63% increase in fourth quarter profits. The group is forecasting full year profit growth of 15%, more than 2007’s 14% gain after the forthcoming Euro 2008 soccer tournament boosted forward orders. In addition following its takeover by Reebok International, Adidas has been able to negotiate better supplier terms.
In other news, Adidas has appointed Uli Becker as Reebok president and chief executive officer.
Retail news is updated every weekday and is provided courtesy of: 
