With hundreds of stores closing their doors across the world due to the coronavirus outbreak,
The state-owned bank launched a loan program back in March to help companies facing a liquidity shortage. Almost 2,500 companies have applied for loans, totaling €10.6 billion EUR. While adidas’ CEO Kasper Rorsted recently said that the company will not need to seek direct government support, uncertainty lies ahead, as the final amount and timing haven’t been decided for the loans. adidas also announced this week it would reverse an earlier decision to not pay rent on its shuttered shops in Germany after drawing widespread criticism.