Adidas Chief Hainer Forecasts Strong Growth in 2011, DAF Says
Adidas AG Chief Executive Officer Herbert Hainer said the German sporting-goods maker will grow significantly this year after a strong 2010, DAF Deutsches Anleger Fernsehen reported, citing an interview.
Adidas will grow 15 percent to 20 percent annually in China over the next five years and exceed 1 billion euros in revenue ($1.36 billion) this year, Hainer said, according to an e-mailed version of the television interview.
The German company, which created a subsidiary in Egypt three years ago, will continue to operate in the country even after some stores were plundered, the CEO said, according to DAF.
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