Adidas Chief Raises Sales and Earnings Targets

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KindlyEveningPrimrose
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Adidas's new chief executive, Kasper Rorsted, aims to lower the company's profit margins.

False

Under Kasper Rorsted's leadership, Adidas plans to achieve a 20 to 22 percent profit growth in the next three years.

True

Adidas's sales rose by 14 percent to €19.3bn last year.

True

Investors are not optimistic about Kasper Rorsted's ability to improve Adidas's profitability.

False

Kasper Rorsted was previously known for boosting profitability at P&G, a German consumer goods company.

False

Mary Barra took over as GM's first male CEO in 2013.

False

GM faced a $4M ignition switch failure in 2014.

False

Under Mary Barra's leadership, GM has expanded into the European market.

False

GM invested $500M in Uber to set itself up for future success.

False

General Motors' profitability was a result of avoiding aggressive business cuts.

False

Learn about Adidas's increased sales and profit targets under new CEO Kasper Rorsted and the efforts to improve profitability in comparison to rival Nike. Explore the strategies implemented by Mr. Rorsted to boost margins and make an impact on the German sportswear group.

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