.adidas chief executive officer Kasper Rorsted is leaving the German sports apparel group ahead of his contract expiration, the company revealed Monday.
“The past years have been marked by several external factors that disrupted our business significantly. It required huge efforts to master these challenges. This is why enabling a restart in 2023 is the right thing to do — both for the company and me personally,” Rorsted added.
Rorsted had been credited with driving changes in the group’s focus, shifting to direct-to-consumer sales and e-commerce, as well as expansion in the U.S. and. In the second quarter, Adidas posted a net profit of 360 million euros, down 7 percent year-over-year, and partially boosted by a 100 million euro tax benefit. Operating profits plunged almost 28 percent.
The unexpected news of Rorsted’s planned departure caused Adidas shares to dive 5.2 percent on Monday, closing at 156.98 euros.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China complains US not cracking down on 'anti-China thugs' outside embassyA spokesperson for the Chinese Embassy in the United States has demanded that the U.S. government crack down on demonstrators protesting outside the building.
Lire la suite »
Indiana governor the latest U.S. official to visit Taiwan in face of China tensionsA U.S. congressional delegation's Taiwan trip last week further angered Beijing in the wake of Pelosi's visit.
Lire la suite »
Video shows Indian soldiers celebrating independence, not China 'ceding' contested lakeAs tensions between India and China mounted over their disputed Himalayan border, a video was viewed hundreds of thousands of times in posts claiming it showed Indian soldiers celebrating after China 'ceded' a contested lake there. However, the footage actually shows troops taking part in an event for the 75th anniversary of India's independence. AFP found no official reports that China handed over the Pangong Tso lake to India, as of August 22.
Lire la suite »
China Trims Lending Rates Again, One Week After Surprise Cuts in Key RatesThe PBOC has cut its five-year loan prime rate to 4.30% from 4.45% and its one year- loan prime rate to 3.65% from 3.70%.
Lire la suite »
China Slashes Lending Rates Again, One Week After Surprise Cuts in Key RatesThe PBOC has cut its five-year loan prime rate to 4.30% from 4.45% and its one year- loan prime rate to 3.65% from 3.70%.
Lire la suite »