gambling

Adidas posts first loss in 30 years

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Adidas posts first loss in 30 years

– Adidas posted its first annual loss in more than 30 years and warned that sales in North America would fall again due to high inventories among sportswear retailers in the U.S.
– The company cut ties with Kanye West in October 2022, suspending sales of the Yeezy sneaker line.
– CEO Bjorn Gulden resumed sales of Yeezy sneakers to clear stock and focused on boosting sales of Samba and Gazelle shoes.
– Adidas shares have recovered, outperforming Nike and Puma since Gulden took over.
– Adidas expects sales in North America to fall by around 5% this year.
– Sales in North America fell by 21% in the fourth quarter and by 16% over the year.
– Adidas reduced its inventories by 1.5 billion euros in 2023, a 24% decline.
– The company has experienced shipment delays due to the Red Sea crisis.
– Adidas aims to improve its underlying business, excluding Yeezy, with a growth target of at least 10% in the second half of 2024.
– The trend for low-rise suede “terrace” sneakers like Samba and Gazelle has benefited Adidas, with footwear sales growing by 8% in the fourth quarter.
– In China, Adidas expects sales to grow at a double-digit rate after an 8% increase in 2023.
– Adidas made 750 million euros in revenue from Yeezy sales last year, resulting in a 300 million euro profit.
– The company plans to propose an unchanged dividend of 0.70 euros per share on its 2023 performance despite a net loss of 58 million euros, its first since 1992.

Over 200 complaints about gambling and drugs for relatives of members of AADIPA – What was reported in the Parliament

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Over 200 complaints about gambling and drugs for relatives of members of AADIPA - What was reported in the Parliament

The content of the text is about allegations of conflict of interest against a member of the Independent Authority for the Investigation of Allegations and Complaints against the Police (AAIDIPA). The allegations were discussed in a closed session of the Institutions Committee. The President of the Police Union, Nikos Loizidis, claimed that a member of AAIDIPA had a conflict of interest and called for investigations against police officers who were involved with organized crime. The issue was brought up in the committee after Loizidis sent two letters to the Secretary of the Ministerial Council, requesting information on the actions to be taken by the Presidency regarding the matter. The Secretary apologized for the delay in responding and stated that no action was taken by the Ministerial Council since the issue was not forwarded to the Prosecutor General or any other authority. The President of AAIDIPA, Andreas Paschalidis, called on the union to provide evidence for the allegations but received no response. Loizidis also mentioned that there were over 200 records related to gambling and drugs within the police system involving relatives of AAIDIPA members. He criticized the fact that AAIDIPA could change the findings of criminal investigators before sending them to the Prosecutor General.

Tatar denies mafia bribery link

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Tatar denies mafia bribery link

Turkish Cypriot leader Ersin Tatar has denied involvement in a million bribery scandal involving Turkey’s former vice-president Fuat Oktay. Investigative journalist Cevheri Guven published allegations that Tatar acted as a mediator in the bribery of Oktay by businessman Halil Falyali, who had alleged ties to the mafia and was murdered in February 2022. The accusations are based on an audio recording where Falyali’s former associate claims that Falyali’s family paid million to Oktay for immunity to their assets in Turkey. Tatar has ordered a police investigation into the reports and distanced himself from the matter. Falyali had been linked to questionable connections with figures within the Turkish government and was involved in an alleged international cocaine trafficking ring. He gained massive wealth through gaming and virtual betting and was gunned down in a drive-by shooting in February 2022.