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Did I just hear the news story on the radio correctly? I just heard that adidas has had a 97% drop in profits in the first quarter of this year.
EDIT - I did hear correctly. They are now talking about restructuring the company, closing offices and stores. Gulp. Hope that doesn't affect anyone on here.
(This post was last modified: 05-05-09, 10:49 AM by
manus.)
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Yeah, you heard right.
It's a massive company nowadays though and a large part of it is Salomon.
Would've been worse if BL hadn't turned up though as all his purchases happened in the last financial year.
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" shocking cock-up, the mice were furious "
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Most of the restructure has already taken place, the Bolton office for Reebok closed last week, and all the sales/marketing functions came up to Stockport, and the apparel design side moved over to Canton in the states.
Salomon was sold off a few years ago to Amer (a Finish company).
If you have £5 and Chuck Norris has £5, Chuck Norris has more money than you.
(This post was last modified: 05-05-09, 01:04 PM by
Sweet_Kicks.)
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Decided we knew shit about winter sports
If you have £5 and Chuck Norris has £5, Chuck Norris has more money than you.
