Coronavirus forces Adidas to close ‘considerable’ number of China stores

FAN Editor

BERLIN, Feb 5 (Reuters) – German sportswear company Adidas on Wednesday said it was closing a “considerable” number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.

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STOCKS GAIN ON CORONAVIRUS VACCINE OPTIMISM

“We can confirm that we are currently experiencing a negative impact on our business in China. However, it is too early to assess the extent of this impact at the moment,” a spokeswoman said.

Ticker Security Last Change Change %
ADDYY ADIDAS AG 161.28 +3.58 +2.27%

(Reporting by Riham Alkousaa Editing by Michelle Martin)

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