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Sporting goods maker: Adidas apologizes and pays rent for April

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Adidas apologizes and pays rent for April

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As of: 4:44 p.m. | Reading time: 2 minutes

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Adidas apologizes and pays its rents

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After some harsh criticism, Adidas is now backing away: the sporting goods manufacturer is paying its rents for its stores in Europe. The group did not want that because of slumped business as a result of the Corona crisis.

Adidas U-turn: The company will now immediately pay the rent for April and waive a deferral. The company apologized. There had previously been boycott calls.

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Dhe sporting goods manufacturer Adidas pays his rents after harsh public criticism and apologizes for his advance. “The decision to require the landlords of our shops to defer the rent for April was felt by many of you as unsound,” says an open letter, the Adidas published on Wednesday. “Your opinion is important to us, and your opinion is clear: You are disappointed with Adidas.”

Adidas had announced in the course of the Corona crisis that the rent for the closed stores in Europe would be deferred from April. One is in talks with the landlords. Thereupon there had been harsh criticism from all parts of society. Boycott calls were made on the Internet.

“Therefore we would like to apologize to you in all forms. We paid our landlord the rent for April. Fairness and team spirit have always been closely linked to Adidas and should remain so, ”the letter continues.

Board waives salary

Adidas’ business collapsed in the corona crisis. “There is no normal business almost anywhere in the world. The shops are closed. Even a healthy company like Adidas won’t last long, ”the letter continues.

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As already known, some thousand of the 60,000 employees will probably be in Short-time work Adidas had to go on. The board waives 50 percent of the salary, the next management level 30 percent of the salary. Like many other companies in the Corona crisis, Adidas discontinued its share buyback program, which is used to maintain prices on the stock market.

Adidas also pointed out that the company had provided medical goods to doctors and nurses in China. The partners produced “face protection and masks for the healthcare system at our own expense”.

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