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Introduction of Adidas

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ADIDAS

1.Introduction
Adolf Dassler founded Adidas on 18 August 1949. Following a family feud at the Gebruder Dassler Schuhfabrik Company between him and his elder brother Rudolf. In 1949, Adolf named his new company Adidas (originally it was lowercase like that) after his nickname Adi and his last name Dassler. So Adi Dassler became Adidas. Rudolf did the same thing with his company name, calling his new company Ruda (Rudolf Dassler), though, later on he changed the name of the company to Puma, which became the rival of Adidas.

Adidas is a multinational company that designs and manufactures sports shoes, clothing and accessories. The company is based in Herzogenaurch, Bavaria, Germany .It is the holding company of the Adidas Group, which consists of the Reebok a sportswear company, Taylor Made –Adidas golf company that also includes Ashworth, 9.1% of FC Bayern Munich and Runtastic a former-Austrian fitness company. Besides sports footwear, the company also produces other products such as bags, shirts, watches, eyewear and other sports and clothing-related goods. Adidas is the largest sportswear manufacturer in Europe and the second largest in the world, after Nike.

In 2005, the company announced that it had reached a merger agreement with Reebok International Inc., the world's number three-sportswear brand. The resulting company will post revenues of more than $9.5 billion, creating a true competitor for Nike (world’s largest company of sportswear) ($12.5 billion in revenues in 2005). The merger also depicts Adidas's decision to shift its focus more directly onto its core footwear and apparel operations. In October 2005, as part of that effort, the company completed the sale of its Salomon winter sports division, acquired in 1997, to Finland's Amer Sports Corporation. Now the brand has targeted China as a key growth market; the company has fought hard to

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