Adidas loses nearly $ 1 billion from coronavirus, and Puma is also at risk



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Adidas loses nearly $ 1 billion from coronavirus, and Puma is also at risk



The virus has hit harder than it seems, especially big businesses, cnbc reports.

Puma said that business is no longer expected to return as it used to, seeing the encouraging signs coming from China, that we can say it is a big crisis in big businesses.



Adidas and Puma account for nearly a third of sales in Asia, which has been a huge increase over the years. Also China was one of the highlights where sales were very high.

After China is recovering, Adidas distributors announced a sharp drop in their business with an 85% discount.

Big brands like Puma and Adidas in Singapore, Malaysia, Japan and South Korea, where Chinese tourists travel more to make purchases, have shown a huge failure in sales.

In February, Adidas canceled all orders made due to coronavirus.

Adidas loses nearly $ 1 billion from coronavirus, and Puma is also at risk

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