Definition of Adidas

Adidas AG is a major German sports apparel manufacturer, part of the Adidas Group, consisting of Reebok sportswear company, Taylormade golf company, Maxfli golf balls, and Adidas golf and is the second largest sportswear manufacturer in the world. The company was named after its founder, Adolf (Adi) Dassler, in 1948. Dassler had been producing shoes starting in 1920 in Herzogenaurach, near Nuremberg, with the help of his brother, Rudolf Dassler, who later formed the other shoe company Puma. The company registered as adidas AG (with lower-case lettering) on 18 August 1949. The company's clothing and shoe designs typically feature three parallel stripes, and this same motif is incorporated into Adidas's current official logo. The company revenue for 2005 was listed at 6.6 billion euro, or about 8.4 billion U.S. dollars. Adidas revenue for 2006 was listed at 10.084 billion euro, or about 13.625 billion U.S. dollars. Adidas perfumery and personal care products are manufactured by Coty, Inc. under license worldwide.