Reuters: Regulatory News: Adidas sees fresh start for Reebok India in 2013

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Adidas sees fresh start for Reebok India in 2013 Aug 2nd 2012, 08:08 FRANKFURT | Thu Aug 2, 2012 4:08am EDT FRANKFURT Aug 2 (Reuters) - German sportswear maker Adidas said it does not expect any major deviation from the 70 million euros ($86.1 million) in restructuring charges it has already flagged as the cost of dealing with "commercial irregularities" in India. "While the issue is unpleasant, we will achieve our goal and set Reebok up for a fresh start in India in 2013," Chief executive Herbert Hainer said on Thursday, adding that around 17 million euros was already reflected in results so far this year. He added sales for Adidas, which is the sportswear sponsor of the London Olympic Games, were up 24 percent in the UK this year, enabling it to close the gap on market leader Nike to 1 percentage point from 3.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions