Adidas is one of the world’s most iconic sportswear brands and is known for its iconic three stripe logo. But who owns the company? In this article, we’ll take a look at the history of Adidas, who owns and runs the company, and their plans for the future. So, if you’ve ever wondered who owns Adidas, you’ve come to the right place. Let’s dive in!
Who is the Owner of Adidas?
Adidas is a German multinational corporation, founded and headquartered in Herzogenaurach, Germany. It is the second largest sportswear manufacturer in the world after Nike. The company is owned by the holding company Kering and its majority shareholders include Groupe Arnault and the French luxury-goods company LVMH. Adidas is the largest sportswear manufacturer in Europe and the second-largest in the world. Over the years, Adidas has grown to become one of the most recognizable brands in the world.
The majority shareholder of Adidas is the French luxury goods company Kering, which owns 83.2% of the company. Kering is owned by French billionaire Bernard Arnault, his family, and the financial services company AXA. Arnault is the world’s fourth-richest person, with a net worth of $105 billion. He is the chairman and CEO of LVMH, the world’s largest luxury goods company, which owns a number of luxury brands including Louis Vuitton and Dior. Kering also owns a number of luxury and retail brands, including Gucci and Puma.
Adidas’s second-largest shareholder is Groupe Arnault, a holding company owned by Bernard Arnault. Groupe Arnault owns 16.3% of Adidas and is the largest shareholder after Kering. Groupe Arnault also owns a number of luxury brands, including Christian Dior and the Italian fashion house Fendi.
Adidas Management
Adidas is managed by a team of executives led by Chairman and CEO Herbert Hainer. Hainer has been with Adidas since 1987 and has served as Chairman and CEO since 2001. He is responsible for the company’s strategic direction and financial performance.
The company also has a Board of Directors, which is responsible for oversight of the company’s affairs. The Board is comprised of nine members, including Hainer, two independent directors, and six non-executive directors. The non-executive directors are appointed by Kering and Groupe Arnault.
The company’s executive management team is responsible for the day-to-day operations of the company. It is comprised of the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Chief Human Resources Officer, Chief Marketing Officer, Chief Technology Officer, and Global Brand President.
Adidas Group Structure
Adidas is organized into three operating divisions: Adidas, Reebok, and TaylorMade-Adidas Golf. Adidas is the largest division of the company and is responsible for the design and manufacture of athletic footwear, apparel, and accessories. Reebok is the second-largest division and is primarily focused on the production and sale of fitness and lifestyle products. TaylorMade-Adidas Golf is the third division and is focused on the design and manufacture of golf equipment and apparel.
Adidas also operates a number of subsidiaries and joint ventures, including Adidas Japan and Adidas China. These subsidiaries are responsible for the production and distribution of Adidas products in their respective countries.
Adidas Brand Partnerships
Adidas has a number of partnerships with other brands, including the German soccer team Bayern Munich and the NBA’s Houston Rockets. Adidas also has partnerships with a number of athletes, including soccer stars Lionel Messi and Paul Pogba, and basketball stars James Harden and Derrick Rose. These partnerships allow Adidas to leverage the popularity of these athletes to promote its products.
Adidas also has a number of collaborations with fashion designers and celebrities, including Pharrell Williams, Kanye West, and Raf Simons. These collaborations allow Adidas to tap into new markets and appeal to a younger demographic.
Adidas Financial Performance
Adidas is a publicly-traded company, with shares listed on the Frankfurt Stock Exchange. The company has a market capitalization of $46.7 billion and reported revenues of $25.3 billion in 2019. The company’s net income was $1.1 billion in 2019, up from $716 million in 2018. The company’s gross profit margin was 47.9% in 2019, up from 44.3% in 2018.
Adidas has seen significant growth in recent years, with revenues increasing at an average annual rate of 8.2% over the past five years. The company has also seen strong growth in its e-commerce business, with online sales accounting for 15.4% of total sales in 2019, up from 11.1% in 2018.
Related Faq
Who Owns Adidas?
Answer: Adidas is owned by a publicly traded German sports apparel company called Adidas AG. It is headquartered in Herzogenaurach, Germany, and was founded in 1949 by Adolf Dassler. The company is currently led by CEO Kasper Rorsted, who has been at the helm since 2016. As of 2021, Adidas AG is currently the second-largest sportswear manufacturer in the world, behind Nike.
Who Founded Adidas?
Answer: Adidas was founded in 1949 by Adolf Dassler. Dassler was a German sports shoe manufacturer and the founder of the sportswear company Adidas AG. He was born in Herzogenaurach, Bavaria, in 1900 and was the third of five children. He started his career manufacturing athletic shoes in his mother’s laundry room in 1924. In 1949, he founded Adidas AG and the company quickly grew to become one of the world’s leading sportswear manufacturers.
When Was Adidas Founded?
Answer: Adidas was founded in 1949 by Adolf Dassler. The company was established as a result of a merger between two of Dassler’s brothers’ companies, which had been manufacturing athletic shoes since 1924. The company has since grown to become one of the world’s leading sportswear manufacturers, with a presence in over 160 countries.
Where Is Adidas Headquartered?
Answer: Adidas is headquartered in Herzogenaurach, Germany. The city is located in the Franconian region of Bavaria, and is home to the headquarters of several German companies, including Adidas AG and Puma. The city has a population of around 18,000 people and is known for its strong sporting culture, having been home to many of the world’s top athletes over the past few decades.
Who Is the Current CEO of Adidas?
Answer: The current CEO of Adidas is Kasper Rorsted. Rorsted has been at the helm of the company since 2016 and is the ninth CEO in its history. He was previously the CEO of Henkel, a German consumer goods company, and has worked in a variety of executive roles in the past. Rorsted has been credited with transforming Adidas into a global leader in the sports apparel market.
What Is Adidas’ Market Position?
Answer: Adidas AG is currently the second-largest sportswear manufacturer in the world, behind Nike. The company has a presence in over 160 countries and is a leader in the sports apparel market, both in terms of sales and market share. Adidas has recently made a push into the lifestyle market, launching a range of lifestyle-oriented products and expanding its presence in the fashion world.
The Enemy Brothers Who Founded Adidas and PUMA
In conclusion, Adidas is a global success story owned by a variety of different entities. Adidas AG is the parent company of the Adidas Group, which includes the Reebok and TaylorMade brands. Adidas AG is majority owned by the investment company Kering, formerly known as PPR, and is listed on the Frankfurt Stock Exchange. The remainder of the company is owned by the Adidas Group and its employees. Adidas has been a major player in the sporting apparel and footwear industry for decades and is only set to become more successful in the future.
