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Adidas outperforms rivals in China
■ Shares in Adidas jumped to a record high yesterday after the sports brand raised its 2012 profit forecast as it outperformed rivals Nike and Puma in the key Chinese market. Adidas said sales in China increased 26 per cent in the first quarter, sending shares up five per cent to €63 (£51.30) as investors shrugged off the company’s warning that “commercial irregularities” at its Reebok unit in India could cost it almost €200m.