A company profile of Adidas, one in every of the world’s most recognised sports brands.
The Adidas group is that the world’s second largest sportswear manufacturer and includes the Reebok brand, a share of the German football club Bayern München, and Runtastic, an Austrian fitness technology company. It also owns the CrossFit and Les Mills brands.
The company was founded by Adolf Dassler and his brother Rudolf in 1924.
In the 1940s, the feuding brothers split the business into two separate companies: Adidas and Puma.
The Dassler shoe, one in every of the first football boots, was considered one among the foremost innovative of its kind.
Adidas’s footwear became mainstream after it had been worn and endorsed by the US rap band Run-DMC.
Adidas nearly went bankrupt within the first 1990s, but a series of sponsorship and partnership deals with celebrities and sportsmen and girls enabled it to claw back profits.
Its nearest rival is that the US sportswear multinational Nike.
Facts about Adidas
Adidas’s three-stripe logo was adopted in 1952 after it bought the branding from the Finnish athletic footwear brand Karhu Sports. It cost Adidas two bottles of whiskey and thus the equivalent of €1,600 (US$1,951).
Its trefoil logo was designed in 1971 and launched in 1972, just in time for the 1972 Summer Olympics, held in Munich.
This branding was replaced by the three bars logo, designed by then creative director Peter Moore in 1997.
Adidas and Reebok
Adidas bought Reebok, which was founded in Bolton within the united kingdom, in 1958 for just over €3bn.
Reebok, which is now based within the US, has struggled to appreciate market share from its rivals and was put up available by Adidas in 2020. it’s expected to be sold for under €2bn (US$2.4bn).
Adidas and Timex
In the spring of 2021, Adidas announced a tie-up with the US watchmaker Timex. The agreement means Timex Group will design, manufacture and distribute watches worldwide under the Adidas Originals brand.
What is Adidas known for?
Adidas makes shoes for every sport but started off making track spikes – trainers made especially for track and field.
The first Adidas clothing was a tracksuit made for the German footballer Franz Beckenbauer, in 1967.
Adidas also makes football kits and could be a political candidate sponsor of the UEFA Champions League.
Adidas is additionally known for its Stan Smith and Gazelle trainers.
The company invented shower shoes, also cited as slides or sliders, after the German team requested Adidas make shoes for his or her players to wear within the shower and in changing rooms. After some design changes, the Adilette was launched in 1972.
Who owns Adidas?
Adidas is owned by its shareholders, having listed in 1995 on the DAX, an index of the 30 biggest German companies trading on the Frankfurt exchange.
Where is Adidas located?
The company’s headquarters are in Herzogenaurach, Germany.
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