Shares in Adidas Group closed up 4.7 percent at 76.38 euros on the Frankfurt Stock Exchange as an upbeat sales forecast overshadowed a swing to losses in the fourth quarter.
The net loss totaled 273 million euros, or $354.1 million, which Adidas attributed to goodwill impairment of 265 million euros, or $343.7 million, resulting mainly from adjusted growth assumptions for Reebok in North America, Latin America and Brazil especially, as well as an increase in country-specific discount rates following the euro debt crisis.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)