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Corona / Adidas: According to Eklat – group apparently wants billions from the state

Adidas lurches violently through the corona crisis. First the company apologized for a scandal – then the next hammer follows.

Update 8.50 p.m .: Now there is a confirmation: Adidas sees the Corona crisis relying on government support worth billions.

Adidas will Need credit, but no direct state aidsaid a spokeswoman on Thursday. She did not want to disclose the amount of the loans. Reports have shown that one to two billion euros are under discussion (see below).

The company had announced two days ago that, given the high level of economic uncertainty surrounding the Corona virus outbreak, “it was proactively taking a conservative approach to liquidity management to maintain the company’s financial flexibility in the current environment.” Adidas also stopped his planned share buyback program.

Adidas in the corona crisis: After rent scandal – the company apparently wants billions from the state

Update from April 2, 7.30 p.m .: It was only on Wednesday Adidas for his controversial plans in matters Rental payments sorry – now it becomes known: the Franconian sporting goods manufacturer apparently wants to State aid on a gigantic scale. So reported Focus Online citing “informed circles” that Adidas wanted more than a billion euros sourced from the state.

The portal The shareholder With reference to the Bloomberg news agency, he even writes of “one to two billion euros” that Adidas wants to borrow from the KfW state bank. An official confirmation was still pending.

After Adidas scandal: Group apologizes – “We made a mistake”

Update from April 1st: Adidas has one on Wednesday open letter published – and it sounds contrite: “We have one error made and with it a lot trust playful. It will take time to regain your trust. But we will do everything for it. ”The Sporting goods group further explained: “That is why we would like to be in good shape with you to apologize. We have ours Landlord the Rent for April paid. Fairness and team spirit have always been closely linked to Adidas and should remain so. ”

Adidas had in the course of Corona crisis announced the rent for the closed shops in Europe no longer payable from April. The letter is said to be on Thursday display should appear in selected media.

After Adidas scandal: Minister Heil delivers rage speech at “Hard but fair” – “I’m pissed off!”

Update from March 30, 2020, 11.35 p.m .: Minister of Labor Hubertus Heil went to court with Adidas and Co. on Monday evening in front of cameras. In the ARD talk “Hart but fair”, the SPD politician was extremely angry about the plans of the large company, which had initially become public, to partly refrain from rent payments.

“I’m pissed off, you have to say that! The law is not made for them! ”Heil explained with a view to Adidas. “I am not a lawyer, but in case of doubt that will also occupy the courts,” the minister conjectured.

“The law is made for those who are in payment difficulties and cannot pay their rent, not for companies that have reserves,” Heil emphasized. “Those who take advantage of this country also have an obligation not to put their interests above all else.” He is pleased that there has already been a reaction to the wave of anger heard over the weekend. Among other things, the program discussed the effects of the crisis on the German economy.

Federal Minister of Labor Heil is “pissed off” at Adidas.

© Screenshot ARD

Rent dispute in the Corona crisis: Deichmann boss “hit hard”

Update from March 30, 2020, 4:35 p.m .: After drastic criticism from the public, reports alongside Adidas also Deichmann to speak. The owner of the German Shoe retail chain Heinrich Deichmann was shocked by the hostility.

He told the German Press Agency on Monday that his company wanted to “serve people. The fact that we are now accused of wanting to enrich ourselves in the crisis hits me very hard. “It was never the intention to stop paying rents. “We asked our landlords to defer our rents.”

If you are a landlord in economic distress, you will of course pay the rent and help. Nevertheless, in view of the government’s measures, which required shop closures, the landlords had to be accommodating. The corona crisis is also a challenge for Deichmann.

“We operate in 30 countries. Our stores are closed in 28 countries and we cannot predict when these closings will end. ”He therefore wants to protect his employees and their jobs, says Deichmann.

Also read: Katja Suding, deputy FDP chairwoman, shared her thoughts on the corona crisis on Twitter. An emergency doctor at Munich Airport, also affected by the Corona crisis, reacted violently.

After Adidas and Co’s rental freeze: finance senator is outraged

Update from March 30, 2020, 11:29 a.m .: The planned one Adidas rental freeze also took care of Hamburg Finance Senator Andreas Dressel (SPD) for anger. In the podcast “Living with Corona” by the Hamburger Morgenpost and the Gute Leude Fabrik, the 45-year-old described the group’s project as “mess”.

“We are all horrified, Adidas customers as well as politicians,” said Dressel. “This moratorium is of course intended for the small tenant and not for the large corporation that makes billions in profits. It’s not OK.”

The finance senator sees an exploitation of the Solidarity measures. These are actually planned as support for economically endangered companies. “If these auxiliary instruments are put on their feet in a few days, you cannot rule out all the facts of abuse quickly,” said Dressel.

“These are the fastest laws ever made in Germany these days. So you can’t prick around for another week what abuse options you have to rule out. That is why it is important now that everyone behaves morally and does not misuse the auxiliary instruments. “

Adidas has announced at least to continue paying the rent to the private landlords.

Because of Corona: After fierce criticism of Adidas: company reacts and makes announcement

First message from March 29, 2020:

Munich – Just a few days ago, when the Corona crisis was not yet in control of Germany, solidarity became a catchword on the political side. In her speech to the population, Angela Merkel pointed out that the upcoming crisis would only be overcome with solidarity. In sports, too, the call for solidarity was immediate when it became clear that the clubs were at a loss financially.

But also in the economy and in social life it was challenged to be the current one crisis to master. Now we have in Germany’s exit restrictions, normal life is almost paralyzed. And how about the solidarity?

Corona crisis: Adidas hammer! Violent criticism of the company – “Indecent and unacceptable”

The partial shutdown results in economic losses for small and medium-sized companies. The Corona Auxiliary Laws should ensure that these livelihoods are not threatened. But also the big companies are under the Corona crisis To suffer. However, listed companies will not be directly concerned with livelihoods.

Regardless of billions in profits in the past financial year, the Sporting goods manufacturer Adidas anyway for now no rent more for its because of Corona crisis closed retail stores.

“It is true that Adidas, like many other companies, temporarily suspends rent payments as a precaution where our stores are closed. We are in close contact with the landlords concerned, ”said a company spokeswoman on Friday, thereby confirming a report by image. The Swedish fashion chain H&M later announced a similar approach.

Corona crisis: Adidas action is “indecent and unacceptable”

Federal Justice Minister Christine Lambrecht (SPD) was outraged by the stop of rent payments. “If financially strong companies simply no longer pay their rents, this is it indecent and unacceptable“, She said on Saturday in Berlin. The Corona Auxiliary Laws offer no basis for this. It continues to apply: “Of course, tenants have to pay their rent. If they actually experience serious payment difficulties as a result of the crisis, they can only be terminated for a limited period. “

Meanwhile, the company has been on the harsh criticism responds and will at least private landlords of its branches regardless of closings in the Corona crisis pay the rent unchanged. “We have exempted them, they will receive their April rent as usual,” said company boss Kasper Rorsted der Frankfurter Allgemeine Zeitung (Monday edition). Most of their own businesses would be rented by large property marketers and insurance funds. For the measure to temporarily suspend rental payments, they “had shown mostly understanding”.

In addition, Rorsted announced that Adidas would apply for short-time work for production, warehouse and employees in the self-operated stores this week. In the event of weeks of restrictions, the company boss said: “This will lead to massive economic upheavals, much worse than in the 2008/2009 financial crisis.”

Federal Finance Minister and Vice-Chancellor Olaf Scholz (SPD) was “irritated” at the weekend about the behavior of the big companies. “Now is the time for cooperation. A good business relationship also means communicating with each other in difficult times, ”says Scholz:“ My advice: put it together and consider together with the landlords or the suppliers how to get through this crisis. ”

Corona crisis: Munich comedian Harry G. blasphemes about Adidas and announces boycott

The SPD member of the Bundestag Florian Post, who symbolically burned a polo shirt from Adidas in a garbage can, got one for it little shitstorm from. The Facebook video from Munich Comedian Harry G. was shared by hundreds. In the clip he criticized Adidas sharp and announced that it would no longer buy goods from the sporting goods manufacturer in the future.

In addition to Adidas also announced HM and Deichmann to temporarily pay no rent in April. Meanwhile, it proves that there is another way New Balance. The English sporting goods manufacturer quickly switches and wants to participate in the production of protective masks with its know-how and company capacities.

Former sports commentator Marcel Reif also criticized Adidas for the announced rental stop on Sunday.

Corona crisis / Adidas: Executive Board temporarily waives salary

Adidas last had a turnover and profit Record year completed. Adidas had to gradually close its self-managed retail stores in Europe and North America from January onwards due to the crisis. In Asia and Latin America, the stores had initially continued to run. In Latin America, as well as in parts of Asia, the stores are now also closed.

In China, most of them are open again, albeit with reduced opening hours in some cases. Adidas experience a significant drop in sales in the affected markets, said a spokeswoman on Friday.

Adidas CEO around company boss Kasper Rorsted now wants to temporarily waive the payment of 50 percent of his salary. The management level below the board temporarily waives 30 percent of their regular remuneration.

smk / dpa

* merkur.de is part of the nationwide Ippen-Digital network

List of rubric lists: © dpa / Arne Dedert

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