Japan watchdog orders Adidas to stop price fixing
Adidas
The German sporting goods company and its wholesalers stopped shipments or threatened to halt deliveries of its products to Japanese retailers who cut prices, the anti-trust watchdog said in a statement on its website on Friday.
A spokeswoman for Adidas in Germany said the group was taking the cease-and-desist order seriously.
Compliance with the law is one of the key values for Reebok, she said in a statement, adding Adidas would not have to pay a penalty.
The world's second-largest sporting goods maker after Nike Inc
Adidas shares were down 0.5 percent at 59.75 euros at 0827 GMT, against a flat wider blue-chip index <.GDAXI>.
(Reporting by James Topham, Mayumi Negishi in Tokyo and Christian Kraemer in Munich; Writing by Victoria Bryan; Editing by Ron Popeski and Helen Massy-Beresford)
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