March 08, 2017 Adidas Boldly Raises Targets After Big 2016
With strong growth across the board from its Adidas brand, the Big a finished a record-breaking year that saw net income soar 52% to €1,017 million ($1.08 bb) from €634 million for the FY ended Dec. 31 on a 14% increase in net sales to €19,291 million ($20.41 bb) from €16,915 million and an energized management significantly raised expectations for its 2020 sales and earnings. NSGA Opposes Border Adjustment Tax
The National Sporting Goods Association signed on to a letter to the House and Senate leadership from the Americans for Affordable Products coalition opposing passage of the BAT. Sequential Brands Signs Brazilian Licensee
SQBG and SPR Indústria de Confecção Ltda. (SPR Sports) signed a long-term license for manufacturing and distribution of the AND1, AVIA and DVS brands in Brazil.
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