By Zoe Wood
Sportswear brands say disruption is spreading with major sporting events in doubt
Adidas and Puma have reported a collapse in sales in China as a result of the coronavirus outbreak and warned disruption was spreading to other markets.
Adidas said its first-quarter sales would be down by as much as €1bn (£870m) in Greater China and about €100m in Japan and South Korea. The slump would lead to a €400m-€500m hit to operating profit, it said.