Adidas slashed its dividend and shook up its management as new CEO Bjorn Gulden tries to turn about the crisis-beset German sports brand.
Despite vowing to speed up decision-making, Gulden held off on the biggest question investors are asking of the German sportswear company: What will it do with $1.3bn worth of unsold Yeezy gear?..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
I'd target another $16m retrenchment package like his predecessor
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