Adidas AG is raising debt from Europe’s bond market for the first time since dropping Ye, the artist formerly known as Kanye West, and just days after slashing profit expectations for a fourth time.
The German sportswear brand is seeking €1 billion ($1 billion) from its debt sale on Monday, according to a person familiar with the matter, who asked not to be identified because they’re not authorised to speak about it. It’s the firm’s…