--Adidas will continue to pay rent to private landlords but is planning to defer payment for its corporate and institutional landlords, Chief Executive Kasper Rorsted says in an interview with Frankfurter Allgemeine Zeitung.

--The comments are a response to reports in the German press over the weekend, which said the sporting goods maker would stop paying rent for shops that are currently closed, a move enabled by emergency government measures aimed at protecting tenants amid the coronavirus pandemic.

--Mr. Rorsted says Adidas can do business normally in only three countries worldwide at the moment and is otherwise selling online. "Yes, the situation is serious," he tells the newspaper.

 

Full story (in German): https://bit.ly/3dGr7vd

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

March 30, 2020 05:50 ET (09:50 GMT)

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