BERLIN, Aug 6 (Reuters): Adidas felt the impact of a Chinese boycott of Western brands on its second-quarter results on Thursday (Aug 5) and is also suffering from the closure of factories in major supplier Vietnam due to rising Covid-19 infections.
The German sportswear company still raised its outlook for full-year sales and profitability as it said it has seen demand recover in China since calls for a boycott in late March, and said it hopes to restore production in Vietnam soon.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
