adidas AG (ADDYY)

Long-term China problems would hit Adidas targets to 2025 - Handelsblatt

Any longer-term collapse of China as a growth market could undermine Adidas sales and profit targets up to 2025, the sports goods company told Handelsblatt business daily on Tuesday. "If the original assumptions change permanently, we would also have to adjust our targets," Chief Executive Kasper Rorsted told Handelsblatt business daily. However, he does not believe that China would ultimately turn away from Western brands.