Seeking Alpha

Major strike at Chinese shoe factory creates production worries

  • Adidas (ADDYY) says it will move some production away from a shoe factory in China that is the site of a major strike by workers.
  • The company says it will use other suppliers.
  • The shoe factory in Dongguan also supplies Nike (NKE), Asics, Puma (PMMAF), and Timberland (VFC).
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