Adidas Group

The COVID-19 outbreak brought a huge hit for the world's largest sports brands, with thousands of their shops closed amid coronavirus lockdown in the first half of the year. Although third-quarter sales showed signs of recovery, the year-to-date revenue losses still count in billions of euros. According to data presented by SafeBettingSites.com, Adidas Group, as one of the largest and most recognizable sportswear and sporting goods manufacturers in the world, lost €3.5bn in YTD revenue amid the COVID-19 crisis, the severest loss among the top three sports brands. Q3 Net ...