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Golf division drags adidas’ results down

06/05/2014
Golf division drags adidas’ results down

Adidas has reported a decline in first-quarter revenues of 6% following a slump in its golf business and shoe brand Rockport and its profits being affected by exchange rates. Its CEO, Herbert Hainer, admitted the group is now considering offers for Rockport, which it bought in 2005. “Our financial results for the first quarter reflect the...

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