Fashion

Adidas stops 1 billion euro share buyback


Berlin – Adidas (ADDYY.PK, ADDDF.PK) said it stop a 1
billion euros share buyback it had planned for this year, citing
economic uncertainty caused by the dynamic developments related to
the coronavirus outbreak.

The adidas Executive Board decided to proactively adopt a
conservative approach to liquidity management in order to preserve the
company’s financial flexibility in the current environment.(AFP)



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