Adidas Nominated Two Rich To Join The Supervisory Association

Today, Adidas, one of the three sports and fashion giants, has achieved a two digit recovery from the 2015 fiscal year after two years of recession. For this reason, Adidas group is expected to speed up growth in the next 4 years starting from today's opportunity to publish its earnings.

Because

The promotion of brand building activities and brand pformation policies, together with the listing of new and innovative technology products, as well as sports events such as football European Championships and Rio Olympics.

The Adidas group, which released its earnings report, expects the current 2016 fiscal year group's revenue to grow 10% to 12% after excluding the exchange rate effect.

At the same time, its sub brand Reebok has achieved 11 quarter growth, and recorded an increase of 6% in the 2015 fiscal year.

It is worth mentioning that when the incumbent group CEO released its financial results, it was called "a textbook case of perfect recovery", and "all the functional areas and lifestyle items of the group are full of orders", which shows the current consumption trend.

Meanwhile, Adidas will announce the richest man in Egypt.

And Belgium's richest man, Albert Frere agent Ian Gallienne, will join the conference.

It is reported that the former two have bought over 5% of Adidas shares last year, while the latter's agent is CEO of Albert Frere holding company.

Because the Adidas supervision committee's single composition personnel are criticized for many years, the agency said that the accession of the two new members will bring valuable financial and business experience for the group's internationalization.

Fourth quarter, the group's revenue rose by 15.4% to 4 billion 167 million euros per year, and its Adidas brands and Reebok brands increased by 15.5% and 5.4% respectively. According to the market, most of the markets in Greater China and North America have achieved double-digit growth, while Western Europe has seen a 31% increase.