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FRANKFURT/LONDON (Reuters) – Eric Knight, founder of activist fund Knight Vinke, poured cold water on a report he was part of a group of hedge funds seeking to buy a stake in sportwear maker Adidas to pressure management into sweeping changes. Adidas acknowledges it is hard to recruit at its headquarters near the Bavarian town of Herzogenaurach, particularly for design, marketing and digital roles, and admits it missed trends in the U.S. market, where Under Armour (NYSE: UA – News ) has just overtaken it as No. 2 behind Nike.
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