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Tag: setback

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