In a profit warning issued on February 9, Adidas warned that the end of its Yeezy deal would reduce its earnings by €1.2 billion this year.
"Selling remaining stock can make the best out of the situation by recovering some of the lost profit and costs," he said in a research note."I think to sell it themselves and to split the proceeds with the charity will be the most likely outcome.", according to S&P credit analysts. The western province, which is home to China's Muslim Uyghur minority, is the source of around four-fifths of the country's cotton.
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