Adidas closes ‘considerable’ number of stores in China due to coronavirus

Building of the Adidas Brand Center in Beijing on July 3, 2008. (AP)

German sportswear company Adidas on Wednesday said it was closing a “considerable” number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.

“We can confirm that we are currently experiencing a negative impact on our business in China. However, it is too early to assess the extent of this impact at the moment,” a spokeswoman said.

Last Update: Wednesday, 20 May 2020 KSA 09:53 - GMT 06:53