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adidas AG

 
Hoover's Profile: adidas AG
(OTC:ADDYY) (German:ADS)
Contact Information
adidas AG
Adi-Dassler-Strasse 1
91074 Herzogenaurach, Germany
Tel. +49-9132-84-0
Fax +49-9132-84-2241

Type: Public
On the web: http://www.adidas-group.com
Employees: 36,129
Employee growth: 15.3%

Jesse Owens and Muhammad Ali broke records in their adidas athletic shoes. The heart of the adidas product line is athletic shoes, but the three-stripe logo appears on apparel and other jock accoutrements. As the #2 maker of sporting goods worldwide, behind NIKE, it has inked deals with football and basketball athletes, as well as the New York Yankees, and it serves golfers through its TaylorMade-adidas Golf. The company, which has more than 1,150 retail locations, boasted sponsorship rights to the 2008 Olympic Games in Beijing. adidas' purchase of Salomon, the French maker of ski and golf gear, was short-lived. The company sold the unit to Amer Sports Corporation and bought Reebok for some $3.8 billion.

Key numbers for fiscal year ending December, 2008:
Sales: $15,221.2M
One year growth: 0.4%
Net income: $907.7M
Income growth: 11.1%

Officers:
Chairman Supervisory Board: Igor Landau
Chairman Executive Board and CEO: Herbert Hainer
Director Global Operations and Member Executive Board: Glenn Bennett

Competitors:
Amer Sports
Callaway Golf
NIKE

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