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Adidas invests in Spinnova

Adidas is continuing its quest to go green. The German sportswear retailer has invested in Finland’s Spinnova, a company that makes textile fiber out of wood or agricultural waste. The news was reported by Reuters. Adidas has subscribed to 3.65 million worth of shares in the company’s IPO, bringing Spinnova’s total investment to 58 million...

Jun 10, 2021