Adidas reports first loss in 30 years on Kanye fallout
March 14, 2024 | 15:08
Adidas reported its first loss in over three decades Wednesday due to the fallout from the end of its collaboration with Kanye West, but the company insisted it was starting to turn its fortunes around.
Adidas 2022 income drops, more pain ahead after end of Kanye tie-up
February 13, 2023 | 15:57
Adidas's net income fell heavily in 2022, according to preliminary results released on Thursday, with the German sportswear giant predicting major operating losses this year after ending a tie-up with Kanye West.
Adidas probing allegations about Kanye West's behaviour
November 29, 2022 | 16:50
Adidas said Thursday it was investigating claims against Kanye West after a report detailed alleged inappropriate behaviour, just weeks after the German sportswear giant ended its partnership with the rapper.
Adidas CEO Rorsted to stand down in 2023
August 23, 2022 | 10:35
Adidas will get a new CEO "during the course of 2023" as it seeks to emerge from the turbulence of Covid-19 lockdowns and other challenges, the German sportswear giant said on Monday.
Vietnam on way to become world’s production hub: Sputnik
February 09, 2022 | 10:06
Vietnam is expected to become a new production hub of the world, as “Made in Vietnam” products are winning larger shares in the international market, according to Russia's Sputnik news agency.
adidas migrates SAP environments to AWS
November 25, 2021 | 08:49
adidas AG has selected AWS as its preferred cloud provider for SAP workloads, officially migrating its SAP environment to AWS.
Nike and Adidas maintain supply chain operations in Vietnam
November 17, 2021 | 13:23
Rumours that Nike and Adidas would move production out of Vietnam in August and September were rebutted by VITAS as the brands do not own plants in the country.
MPI supports adidas and other factories in south to resume operations
October 01, 2021 | 08:00
The MPI and southern authorities pledged to support adidas and other companies in overcoming the pandemic to resume soon.
VNPOLY becomes fibre provider for adidas and Target
August 17, 2020 | 11:37
Just two years after resuming operations, VNPOLY has become the main fibre provider of two famous brands adidas and Target.
Tech media groups complicit in smuggling of goods
August 13, 2020 | 15:00
The popularisation of fake and smuggled goods being offered in Vietnam has become a sizable concern, with delivery firms and even social media giants like Facebook being accused of aiding the act.
Fashion rivals continuing to suffer in coronavirus fallout
July 07, 2020 | 09:30
Thousands of dismissed labourers at suppliers in Vietnam has exacerbated the floundering performance of major garment and footwear brands across the globe like Adidas, Nike, and Zara.
VW, Adidas, Puma join Facebook ad boycott over hate speech
July 01, 2020 | 14:00
German giants Volkswagen, Puma and Adidas on Tuesday joined a growing advertiser boycott over hate speech against Facebook, following major consumer companies like Levi's and Coca-Cola.
Tax authorities clamping down on foreign evaders
December 13, 2019 | 11:53
Foreign-invested enterprises will no longer be allowed to ignore their tax obligations as Vietnamese tax departments step up action on duty-dodging businesses.
adidas issues up to 50 per cent promotion programme
November 26, 2019 | 17:07
On the occasion of Black Friday, adidas has announced a promotion programme by up to 50 per cent across the massive adidas store system in Vietnam.
Russia snub new Adidas shirts with upside-down flag
November 14, 2019 | 10:08
Russia's football authorities said on Wednesday (Nov 13) the national team will not be wearing new Adidas-designed shirts in upcoming Euro-2020 qualifiers after some pointed out they reverse the colours of the Russian flag.
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