Events after the balance sheet date 41
Group-specific subsequent events
Memorandum of Understanding signed with Pou Sheng International (Holdings) Limited
In January 2010, adidas (China) Ltd. signed a Memorandum of Understanding for the business activities of the Reebok brand in China with the Chinese sporting goods retailer Pou Sheng International (Holdings) Limited. Both parties intend to enter into an agreement under which Pou Sheng will co-design, manufacture and become key distributor of Reebok branded footwear and apparel in China. A final agreement is expected to be reached in the second quarter of 2010.
In January, adidas Group settled a lawsuit. The settlement will have a positive low-double-digit million euro impact on the Group’s financial results in 2010.
In January, adidas Group sold a trademark. The divestiture will have a positive low-double-digit million euro impact on the Group’s financial results in 2010.
Date of authorisation for issue
The Executive Board of adidas AG approved the consolidated financial statements for submission to the Supervisory Board on February 19, 2010. It is the Supervisory Board’s task to examine the consolidated financial statements and give their approval and authorisation for issue.
Herzogenaurach, February 19, 2010
The Executive Board of adidas AG