adidas Receives €3 Billion EUR Government Loan to Offset COVID-19 Losses

adidas' loan-seeking motion has been approved by a variety of banking institutions, primarily Germany's state-owned development bank KfW. As Reuters divulged, the loan totals €3 billion EUR, approximately $3.3 billion USD.With a vast majority of its retail outposts temporarily shuttered, adidas is taking a considerable profits hit, fueling its desire to mitigate the financial impact of the coronavirus by means of a government-approved loan. "Today, the company received the approval of the Germ...