FRANKFURT: German sportswear giant Adidas reported on Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was"hurting" its bottom line.
But overall sales were not as bad as feared, with analysts seeing early signs of improving fortunes, and Adidas's share price rose 7.5 per cent in the afternoon on the Frankfurt Stock Exchange.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: