Adidas and Puma sales collapse in China amid coronavirus outbreak

Sportswear brands say disruption is spreading with major sporting events in doubt
Coronavirus – latest updatesAdidas and Puma have reported a collapse in sales in China as a result of the coronavirus outbreak and warned disruption was spreading to other markets.Adidas said its first-quarter sales would be down by as much as €1bn (£870m) in Greater China and about €100m in Japan and South Korea. The slump would lead to a €400m-€500m hit to operating profit, it said