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Adidas receives €3bn government-backed loan

The Adidas store is closed during the quarantine decreed in Munich due to the Covid-19 outbreak on March 30, 2020 (Photo by Roland Krivec/DeFodi Images via Getty Images)

Adidas has received approval from the German government for the participation of state-owned development bank KfW in a syndicated loan facility worth €3bn ($3.2