The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
BERLIN, Germany — Adidas chief executive Kasper Rorsted is very worried about the effects of Europe's failure to solve its problems, German newspaper Die Welt reported.
European Union leaders are grappling with the challenges of migration, a lingering euro crisis, the rise of right-wing populist parties and the wider ramifications of Britain's vote to the leave the bloc.
"From the viewpoint of business I have no fear, but politically-speaking, I am very concerned that Europe is not capable of solving its problems," Rorsted said in an interview with the daily newspaper published on Saturday.
"Europe's inability to solve problems will punish us even more strongly this year," the chief executive said, without being more specific. Germany, France and the Netherlands are all set to hold elections this year.
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Rorsted also warned that Europe and Britain will suffer if the country's exit from the EU results in trade restrictions.
However, the Adidas chief executive was relaxed about the political prospects of the United States under President Donald Trump.
"At the end of the day, I believe Trump is a businessman. A couple of things may occur that displease us, but this will not be catastrophic," the newspaper quoted Rorsted as saying.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.