Top Adidas shareholder cuts stake to 3.51%

LONDON (Reuters) -Top Adidas shareholder Groupe Bruxelles Lambert has cut its stake in the German sportswear company to 3.51%, Adidas announced in filings on Tuesday. GBL, the investment holding company for the billionaire Frère and Desmarais families, had announced on July 31 it had cut its stake to 5.1% from 7.6%. Adidas shares had a strong run last year and are up 16% since the start of 2024.