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Tag: painful

The new coronavirus is ‘a painful setback’

Adidas CEO Kasper Rorsted said the coronavirus outbreak has dealt “a painful setback” for the company’s business, as it expects to take a sales hit and is already seeing traffic declines at some of its shops. “In the sporting goods industry, you are really at the end of the food chain,” Rorsted told CNBC’s Sara …

The new coronavirus is ‘a painful setback’Read More

Pizza Express lining up for painful debt restructuring | Business

Pizza Express appears destined for a debt restructuring that could bruise its lenders, as sources with knowledge of the situation played down concerns it was in serious financial difficulty. The pizza chain is reportedly in early talks to refinance two tranches of borrowing worth a combined £665m, part of a debt pile that had reached …

Pizza Express lining up for painful debt restructuring | BusinessRead More