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Adidas Korea, franchise owners settle dispute over closures in South Korea

By Wooyoung Lee ( April 16, 2025, 02:34 GMT | Insight) -- Adidas Korea and its franchise owners have signed a settlement agreement to resolve a long-running dispute over what the owners claimed as the forced closure of stores during Adidas’ restructuring in 2022. The settlement came on condition that franchise owners withdraw their antitrust complaints filed with the Korea Fair Trade Commission.Adidas Korea and its franchise owners signed a settlement agreement today to resolve a long-running dispute over what the owners claimed as the forced closure of stores during Adidas’ restructuring in 2022. The settlement came on condition that franchise owners withdraw their antitrust complaints filed with the Korea Fair Trade Commission, or KFTC....

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