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Adidas to slash Reebok store base in India
Agam Gupta, MD- Head of FXRC Trading - India at Standard Chartered told NDTV Profit that a mismatch in demand-supply has led to the rupee reaching the 54 per dollar level.
03 May 2012, 02:17 PM IST 
TEPCO's power plant in Kawasaki, south of Tokyo.
Germany's Adidas said it would cut the number of its Reebok stores in India by about one-third as it restructures operations in the country after discovering "irregularities" at Reebok India.While the Adidas group as a whole surpassed expectations for first-quarter results, Reebok saw sales in the first three months down 7 percent on a currency neutral basis, Chief Executive Herbert Hainer said in a speech."Although Reebok has some c...
