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The company revealed it took a goodwill impairment of 265 million euros at the end of last year. It said the loss was "mainly caused because of adjusted growth assumptions for the Reebok brand, especially in North America, Latin America and Brazil."
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Adidas AG, the second largest athletic apparel group worldwide, post losses of 273 million euros for the fourth quarter on Thursday, heavily weighted by its smaller or less profitable brands,cheap iphone 5 for sale. It has written down the value of its weakening Reebok brand but it confident on sales and earnings would increase this year, it raised its dividend payments,Discount iphone 5.