Adidas Tumbles as Losses From Its Kanye West Venture Pile Up
Bjorn Gulden has been chief executive at Adidas for just six weeks, and he’s already warning that Year 1 will be a mess. Adidas shares fell more than 12 percent on Friday morning, wiping roughly 3 billion euros, or about $3.2 billion, in market value after the German sportswear giant issued its fourth profit warning…