adidas Looks for Over €1 Billion EUR in State Aid During Coronavirus Fallout

With hundreds of stores closing their doors across the world due to the coronavirus outbreak, adidas is now facing the effects. The German company is in the talks with German state-owned bank KfW for a range of about €1 to €2 billion EUR in loans. Shares of adidas fell as much as 4.9% today, making the company the worst performer on Germany's benchmark DAX index, Bloomberg reported.The state-owned bank launched a loan program back in March to help companies facing a liquidity shortage. Almos...