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Last Trade - 12/05/21

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Consumer Cyclicals
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Market Cap £149.98bn
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Revenue £27.40bn
Position in Universe 43rd / 6856

Shanghai half marathon ditches Adidas shirts ahead of Sunday's race

Thu 15th April, 2021 12:13pm
BEIJING, April 15 (Reuters) - The Shanghai Half Marathon,
scheduled for Sunday, has scrapped plans to provide runners with
Adidas-branded T-shirts, according to messages sent to
participants, as the German firm remains under pressure in China
over comments it made on cotton from the country's western
Xinjiang region.
    In a text message seen by Reuters, participants were told by
the organiser there would be no shirts in the racing kits that
runners should pick up on Friday or Saturday. It did not give a
reason. 
    "We are deeply sorry about this change," the message said,
adding that participants would receive a 60 yuan ($9.19) refund
on their entrance fee, or could choose to withdraw from the race
and get a 160 yuan refund.
    The organiser could not be reached for comment, and Adidas
 ADSGn.DE  declined to comment.
    In a March 24 post on its official account on social media
platform WeChat, the organiser said there would be Adidas
running shirts and towels provided to contestants and called the
German sportswear firm a "cooperation partner".
    That was the same day that Chinese internet users began
calling for boycotts of western brands including Adidas, Nike
 NKE.N  and H&M  HMb.ST  over past statements they saying they
do not use cotton sourced from Xinjiang.  urn:newsml:reuters.com:*:nL1N2LN0E5
    The following day, at least 10 Chinese celebrities including
Hong Kong pop superstar Eason Chan announced that they were
ending their working relationship with Adidas.
    Some researchers and foreign lawmakers say the Xinjiang
authorities use coercive labour programmes to meet seasonal
cotton picking needs, which China strongly denies.
    Up to 6,000 runners were expected to join Sunday's race, 
which was cancelled last year due to the COVID-19 outbreak.
    
($1 = 6.5262 Chinese yuan renminbi)

 (Reporting by Sophie Yu and Tony Munroe in Beijing. Additional
reporting by Emma Thomasson in Berlin; editing by David Evans)
 ((Sophie.Yu@thomsonreuters.com; 861056692136;))
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