CEO says consumer sentiment is “not great”
Proceeds from discontinued merchandise totaled $111 million
Goods will be sold only online and through app, with some proceeds sent to charities
Sports markets the focus for the business
CEO Bjørn Gulden says 2023 "will be a year of transition"
Adidas ends partnership; Skechers has him escorted from its HQ
Music mogul unloads on business partners for lacking commitment to growing his Yeezy brand
The shoemakers have agreed to settle their disputes, avoiding a potentially “catastrophic” result
Adidas says Nike has infringed on nine of its technology patents
Positions will span 47 countries and include roles in retail stores
The sale is estimated at up to $2.36 billion and will close in early 2022
Local artists tapped to create spacious, modern environment
Deal valued at less than what Adidas paid in 2006
Alegra O’Hare will oversee the brand’s marketing, helping to develop and execute global strategies to reach and engage consumers
Items will be available starting March 25 on the companies’ websites and in select stores and showrooms.