Adidas AG is a German multinational corporation that designs and
manufactures sports shoes, clothing and accessories.
The company is based
in Herzogenaurach, Bavaria, Germany. It is
the holding company for the Adidas Group, which consists of the Reebok sportswear
company, TaylorMade-Adidas golf
company (including Ashworth), Rockport,
and 9.1% of FC
Bayern Munich. Besides sports footwear, Adidas 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 biggest in the world, after Nike.
Adidas was founded on 18
August 1949 by Adolf
Dassler, following a family feud at the Gebrüder Dassler Schuhfabrik company
between him and his older brother Rudolf.
Rudolf had earlier
established Puma, which quickly became
the business rival of Adidas. Both the Adidas and Puma companies still remain
based in Herzogenaurach,
Germany to this day.
The company's clothing
and shoe designs typically feature three parallel bars, and
the same motif is incorporated into Adidas's current official logo.
Adidas has been a
longtime basketball shoe manufacturer and is one of the leading basketball
brands in the world. They are most famous for their late 1960s iconic Superstar
and Pro Model shoes, affectionately known as "shelltoes" for their
stylized hard rubber toe box.
Fueled by, among others,
coaches such as UCLA's John Wooden, Adidas drew about even with Converse in
basketball by the mid 1970s before both started to fall behind then-upstart Nike in the early
1980s.
Subsequently Adidas
Superstar became very popular in the 1980s hip hop streetwear scene
alongside Adidas's stripe-sided polyester suits.
Adidas is also the
current outfitter of all 30 franchises in the National Basketball Association (replacing
the Reebok brand after the
merger) and sponsors numerous players past and present like Kareem
Abdul-Jabbar and Tracy McGrady, as well asChauncey Billups, Derrick Rose, Brandon Knight, Eric Gordon, Josh Smith, Damian Lillard, Andrew Wiggins, Tim Duncan, Jeremy Lin, Iman Shumpert, and John
Wall. Adidas endorsed Kobe Bryant with the
Adidas Equipment KB8 as his first signature shoe until July 2002.
The company also
endorsed Kevin
Garnett until he opted out of his contract in 2010. Gilbert
Arenas was an Adidas endorser until 2010.
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