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Adidas CEO expects 300 million dollar US tariff refund

Adidas CEO Bjorn Gulden says the firm is entitled to a 300 million dollar US tariff refund. This follows a Supreme Court ruling against emergency levies.

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ADIDAS AG expects a $300 million refund from United States tariffs following a Supreme Court ruling against emergency levies. CEO Bjorn Gulden announced the potential recovery during a shareholder meeting on May 7. The cash inflow would bolster the balance sheet as the firm has not yet booked the expected capital.

Legal Ruling Triggers Potential $300 Million Windfall
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