Adidas AG’s new boss gave a first insight Thursday into his plans for the company’s future, announcing that he would restructure parts of its U.S. business, but the German sportswear company’s shares fell on concerns that its earnings momentum may have peaked. Kasper Rorsted, who became Adidas’s chief executive in October, said he planned to streamline the Reebok brand and create a new global team solely dedicated to the unit. Next year he planned to open “new and vibrant” headquarters for Reebok in Boston, while...

Source: Wall Street Journal November 03, 2016 07:37 UTC