Adidas is the parent company of several well-known brands such as Reebok, TaylorMade, Runtastic, and Five Ten.
Each of these brands offers unique products that cater to different audiences. For example, TaylorMade is known for its high-quality golf clubs and accessories while Runtastic offers fitness-tracking apps for active individuals.
If you’re curious about which entities are part of this powerhouse conglomerate, then look no further. This blog post will provide you with an in-depth dive into what companies Adidas currently owns.
We’ll also explore how these acquisitions have helped to strengthen the German giant as a global corporation–and why they continue choosing who to partner up with.
Who Owns Adidas?
Addidas is owned by Adidas AG which is a multinational corporate group that is owned by multiple shareholders.
Adidas, one of the world’s most popular sportswear brands, has a rich history that dates back to the early 1920s. The brand was created by German entrepreneur Adolf Dassler with his brother, Rudolf.
However, that was many years ago and the company has undergone significant changes since then. Today, Adidas is owned by a group of investors who bought the company from the Dassler family in the 1990s.
Despite changing hands over the years, Adidas remains a beloved and iconic brand across the globe, synonymous with high-quality athletic wear and cutting-edge designs.
What Companies Does Adidas Own?
It’s fascinating to see the diversity within the Adidas family of brands, and it’s no wonder they continue to be a leader in the sports and fashion industries. Below mentioned are the companies owned by Adidas:
1. Reebok
Adidas owns the lifestyle and athletic apparel brand Reebok. Founded in 1958, Reebok has become a major player in the sportswear industry with its iconic logo and range of performance gear.
The company is most well-known for its fitness footwear, as well as stylish casualwear and sportswear such as running shorts and t-shirts.
In addition to footwear, Reebok also produces fitness equipment and accessories such as watches, bags, socks, and water bottles.
By incorporating technologies like Hexalite cushioning into its shoes and using high-performance fabrics for its apparel, Reebok continues to provide quality products that help athletes reach their goals.
3. TaylorMade
TaylorMade is a golf equipment and apparel brand that is wholly owned by Adidas.
Founded in 1979, TaylorMade has become one of the leading golf brands in the world with its innovative clubs, balls, and accessories.
The company produces everything from drivers to putters, as well as high-quality apparel for both men and women.
TaylorMade also offers golf bags and other related gear such as rangefinders and GPS watches to help players take their game to the next level.
With cutting-edge technology and superior craftsmanship, TaylorMade continues to be an industry leader when it comes to all things related to the sport of golf.
3. Runtastic
Runtastic is a fitness-tracking app that was acquired by Adidas in 2015. The company has since been rebranded as part of the Adidas family and is now known as Runtastic by Adidas.
The app allows users to track their running, biking, and other activities with ease. It also provides tailored workouts for users looking to reach their fitness goals, as well as diet plans and nutrition-tracking features.
With its intuitive interface and comprehensive functions, Runtastic is a great choice for athletes of all levels who are serious about reaching their fitness goals.
4. Five Ten
Five Ten is an American outdoor brand that specializes in footwear specifically designed for mountain biking, climbing, and hiking.
Founded in 1985, Five Ten has become one of the leading brands when it comes to performance footwear for outdoor enthusiasts.
The company produces shoes with proprietary technologies such as Stealth Rubber soles and special cushioning systems for unparalleled grip and comfort.
In addition to their shoes, Five Ten also produces clothing and accessories for those looking to tackle the outdoors in style. With its commitment to quality and performance, Five Ten is a great choice for anyone looking for adventure-ready footwear.
When Was Adidas Founded?
Adidas, the German sportswear giant, has a rich history dating back to 1924 when it was founded by Adolf “Adi” Dassler.
From its humble beginnings as a small shop in Bavaria, Adidas has grown to become one of the most recognizable and iconic brands in the world.
Today, Adidas produces a wide range of sportswear, accessories, and footwear that are worn by athletes and fashion enthusiasts alike.
Since its inception, Adidas has been committed to producing high-quality products that are both functional and stylish, and this dedication has helped it stand the test of time. With a reputation for innovation, quality, and durability, Adidas is sure to continue to be a leader in the world of sports apparel for many years to come.
Who is the CEO of Adidas?
The CEO of Adidas is Kasper Rørsted, a Danish business executive with extensive experience in the consumer goods industry.
Since taking the helm in 2016, Rørsted has overseen a period of growth and innovation at Adidas, launching new products and creating partnerships with high-profile athletes and celebrities.
Beyond his day-to-day duties, Rørsted is known for his passion for fitness and adventure sports, embodying the company’s ethos of passion and performance.
So next time you lace up your Adidas sneakers or slip on your three-striped tracksuit, know that you’re supporting the vision of a driven and dynamic leader.
What is the Net Worth of Adidas?
Well, according to recent figures, Adidas has an estimated net worth of over $37.43 billion. That’s an eye-watering amount of money, and it’s a testament to just how successful the company has been.
From its early beginnings in Germany in the 1920s, Adidas has come a long way and has proven time and time again that it’s a force to be reckoned with.
Today, Adidas continues to push boundaries and innovate within the sportswear industry, showing no signs of slowing down anytime soon.
Where is the Headquarters of Adidas?
Adidas has its headquarters situated in Herzogenaurach, Germany.
Adidas makes sure to stay connected not just with its consumers but also with its employees and subsidiaries all around the world.
In addition to its sportswear and footwear divisions, Adidas owns a collection of brands such as Reebok and Puma that have become household names over the years.
From performance apparel to accessories and lifestyle products, Adidas’s goal is clear: To offer the world something extraordinary.
What is the Annual Revenue of Adidas?
In the year 2023, it recorded $23.429 billion, which was $23.718 billion in 2022.
Each year, Adidas makes billions of dollars in revenue from its various product lines.
In 2019 alone, they had a total annual revenue of over 22 billion euros which shows how successful the brand is.
They are able to maintain their success by staying ahead of trends, investing in new technologies, and having an excellent marketing strategy that resonates with consumers all over the world.
How Many Employees Does Adidas Have?
There are over 50,000 employees who work for Adidas across all different departments such as design, product development, marketing, sales, operations, and more.
This global team is spread out over many countries around the world with factories located in Europe, Asia, and North America.
In addition to their employees, Adidas works with hundreds of suppliers to create the products that they sell. Together these teams strive to provide customers with high quality items and offer them experiences that exceed expectations.
FAQs
What is Adidas’s Main Goal?
Adidas’ main goal is to be the leading sports brand in the world and to provide its customers with quality with style.
What Are the Main Products of Adidas?
Adidas produces products for athletes and sports fans. Its main products include footwear, apparel, accessories, and equipment.
What Does Adidas Stand For?
Adidas is an acronym for the company’s founding name, “All Day I Dream About Sports.”
What Adidas Symbolizes?
The Adidas logo has become synonymous with sports, fashion, and quality. The iconic three stripes symbolize its performance, innovation, and global reach.
Who is The Brand Ambassador of Adidas?
Jenna Ortega is the current brand ambassador for Adidas.
What Does Adidas Sell the Most?
Adidas is a sportswear company and it sells footwear and sports apparel the most.
What is Adidas’s Original Name?
Adidas was originally founded in 1924 as “Gebrüder Dassler Schuhfabrik”, which translates to “Dassler Brothers Shoe Factory”.