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Adidas raises forecasts as CEO plans fast-fashion focus

Mr Rorsted wants to speed up production so the company can get clothes to stores faster and sell more goods at full price.


ADIDAS AG raised its sales and earnings forecasts through 2020 as new chief executive officer Kasper Rorsted seeks to transform the German sportswear maker's namesake label and Reebok into fast-fashion businesses and jettisons underperforming units.

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