Tim Loh

Adidas AG will pay former Chief Executive Officer Kasper Rorsted about €16 million ($16.9 million) as part of a termination agreement after he was ousted following months of turmoil at the German sneaker brand.

Die Adidas AG zahlt dem ehemaligen Vorstandschef Kasper Rorsted rund 16 Millionen Euro im Rahmen einer Aufhebungsvereinbarung. Rorsted war nach monatelangen Turbulenzen bei dem Sportartikler im vergangenen August abgesetzt worden.

CEO Bjorn Gulden announces a raft of changes at the top and slashes the sports brand’s dividend, but it's still not clear what the company will do with $1.3bn of unsold Yeezy gear

Kasper Rorsted's tenure marred by profit warnings, a consumer boycott in China and firm's break-up with rapper Ye, formerly known as Kanye West

Swiss sneaker maker On Holding predicted that sales will grow almost 40% this year, helped by the expansion of its tennis and running footwear lines.

Sanofi’s drug Dupixent succeeded in a late-stage trial for chronic obstructive pulmonary disease, raising the odds that the blockbuster will be the first biologic medicine cleared to treat the lung disorder.

Sanofi’s prescription drug Dupixent helped patients with a chronic lung disorder breathe better and regain lung function, opening a new avenue of growth for the blockbuster medicine.

(Bloomberg) -- Sanofi’s prescription drug Dupixent helped patients with a chronic lung disorder breathe better and regain lung function, opening a new avenue of growth for the blockbuster medicine. Most Read from BloombergFinally, a Serious Offer to Take Putin Off Russia’s HandsShort Seller Hindenburg Says ‘Another Big One’ Coming SoonAckman Warns of Accelerated Deposit Outflows After Fed DecisionUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidBomb Threat Called In to New York Co

Bayer AG said profit this year will probably be at the lower end of its forecast amid falling prices for glyphosate, the key ingredient in its controversial weedkiller Roundup.

Adidas AG has decided to begin selling its pile of Yeezy inventory left over from its defunct partnership with rapper and designer Kanye West, who now goes by Ye.