Adidas AG Releases Update on Voting Rights and Addresses Cultural Appropriation Concerns

Adidas AG, a German sports apparel company, has made a release according to Article 40, Section 1 of the WpHG, which relates to voting rights. The company’s stock price has shown a moderate increase over the past year, with a recent close price of approximately 168 euros.

Recent Developments

The company has faced criticism for cultural appropriation after a designer created a sandal design that resembled traditional Indigenous footwear from Mexico. Willy Chavarria, the designer responsible for the design, has since apologized for the design.

Key Points

• Adidas AG has made a release according to Article 40, Section 1 of the WpHG, related to voting rights.
• The company’s stock price has shown a moderate increase over the past year, with a recent close price of approximately 168 euros.
• The company has faced criticism for cultural appropriation due to a sandal design resembling traditional Indigenous footwear from Mexico.
• Willy Chavarria, the designer responsible for the design, has apologized for the design.

Company Statement

Adidas AG has not made any further statements regarding the cultural appropriation concerns or the voting rights release. The company’s stock price and reputation have been affected by these recent developments.