Adidas is one of the most recognizable and popular sports apparel brands in the world. But who owns the company that makes some of the most iconic shoes and sportswear? In this article, we’ll explore the history of the Adidas shoe company and uncover who currently owns it.
Adidas Shoe Company is owned by the Adidas Group, which is a multinational corporation based in Herzogenaurach, Germany. The group is responsible for the design, manufacture, and marketing of sports apparel, footwear, and accessories. It owns brands such as Reebok, TaylorMade, and Rockport. Adidas Group also owns the license for the well-known Three Stripes logo. It is the second largest sportswear manufacturer in the world after Nike.
Adidas: Who Owns the Shoe Company?
Adidas is a global sportswear and lifestyle brand that has become a household name in the fashion industry. The German company is one of the world’s leading sportswear brands, with its signature three-stripes logo recognized around the world. But who owns Adidas? The company is primarily owned by its parent company, Adidas AG, which is a publicly traded company on the Frankfurt Stock Exchange.
Adidas AG
Adidas AG is the parent company of the Adidas Group, which includes the brands Reebok, TaylorMade, Rockport, and more. Founded in 1949, the company is based in Herzogenaurach, Germany and is a publicly traded company on the Frankfurt Stock Exchange. The company has a market cap of over $47 billion, making it one of the largest publicly traded companies in Germany. Adidas AG owns and operates the Adidas brand, as well as the other brands in the Adidas Group.
Major Shareholders
The majority of Adidas AG’s ownership is held by two major shareholders: the French luxury goods company, Kering SA, and the German sportswear company, Puma AG. Kering SA owns approximately 16.3% of Adidas AG’s shares, while Puma AG holds approximately 5.6% of the shares. Other major shareholders include the Qatar Investment Authority, which owns 3.2% of the company’s shares, as well as BlackRock, Inc., which owns 2.6%.
The Dassler Family
Adidas AG was founded by Adolph and Rudolph Dassler, two brothers from the small town of Herzogenaurach, Germany. The brothers had a tumultuous relationship and the company was split into two after the brothers’ falling out. Rudolph’s company, Puma AG, is still in existence today and is one of Adidas AG’s major competitors. The Dassler family still owns a small stake in the company through their descendants.
Founders and Executives
Adidas AG’s current CEO and Chairman is Kasper Rørsted, who took the helm in 2016. Rørsted has been with the company since 2011, when he joined as Chief Executive Officer of Adidas’s golf division. Other notable executives include Chief Financial Officer Harm Ohlmeyer and Chief Operating Officer Roland Auschel.
Private Investors
Adidas AG also has a number of private investors and venture capital firms that have invested in the company. These investors include the Dubai-based investment firm Abraaj, the Chinese private equity firm FountainVest, and the US venture capital firm Sequoia Capital.
Conclusion
Adidas AG is a publicly traded company on the Frankfurt Stock Exchange and is primarily owned by its parent company, Adidas AG. The majority of Adidas AG’s ownership is held by two major shareholders: the French luxury goods company, Kering SA, and the German sportswear company, Puma AG. The Dassler family still owns a small stake in the company through their descendants, and current executives and private investors also hold stakes in the company.
Frequently Asked Questions
Who Owns Adidas Shoe Company?
Answer: The Adidas shoe company is owned by the Adidas Group, a multinational corporation that designs, develops, manufactures, and markets sports apparel, shoes, and accessories. The company is headquartered in Herzogenaurach, Germany and is owned by the French luxury goods company, Kering.
Who Founded Adidas?
Answer: Adidas was founded by two brothers, Adi and Rudolf Dassler, in 1924 in Germany. Adi was a cobbler and Rudolf was a sales representative, and they were the first to produce sports shoes with spikes. In 1949, they split the company in two, forming Adidas and Puma, which are now two of the largest sportswear companies in the world.
What Countries Does Adidas Operate In?
Answer: Adidas operates in over 160 countries and has more than 700 retail stores. The company has a large presence in countries such as the United States, Canada, Mexico, Brazil, Germany, France, China, India, Japan, South Korea, United Arab Emirates, Australia, and New Zealand.
What Brands Does Adidas Own?
Answer: Adidas owns a number of brands including Reebok, TaylorMade, Rockport, Runtastic, and Stan Smith. Adidas also owns Y-3, a luxury fashion line created in collaboration with Japanese designer Yohji Yamamoto.
What Is Adidas’ Main Business?
Answer: Adidas is primarily a footwear and apparel company, but they also offer a wide range of other products including sports equipment, watches, eyewear, bags, and accessories. The company also has an extensive line of licensed sports apparel and accessories, including those of professional sports teams and leagues such as the NBA, NHL, and NFL.
How Many Employees Does Adidas Have?
Answer: As of 2020, Adidas has more than 61,000 employees worldwide. The company has employees in countries such as the United States, Canada, Mexico, Brazil, Germany, France, China, India, Japan, South Korea, United Arab Emirates, Australia, and New Zealand.
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Adidas is one of the most recognizable and renowned brands in the world, and its ownership structure is a testament to its longevity and success. The company is owned by a public listed company, a founding family, and a variety of private investors. The company’s success is a result of its dedication to innovation and quality, as well as its commitment to its customers. With its vast array of products and global reach, Adidas has become a global leader in the athletic footwear industry.
