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Adidas Shirts Made in Germany Would Raise Price, Times Reports

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July 28 (Bloomberg) -- Adidas AG said soccer shirts would cost 10 times more if it switched its factories to Germany from Asia, the London-based Times reported, citing an interview with Chief Executive Officer Herbert Hainer.

Soccer shirts currently selling for 50 pounds ($79) would cost 500 pounds if Adidas switched its manufacturing to Germany, the Times quoted Hainer saying.

To contact the reporter on this story: Kevin Crowley in London at kcrowley1@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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