Who Owns Adidas?
Adidas is owned by Adidas AG, a publicly traded German corporation listed on the Frankfurt Stock Exchange under ticker ADS. There is no single controlling shareholder; major institutional investors include The Vanguard Group, BlackRock, and Norges Bank Investment Management. Adidas AG was founded in 1949 by Adolf (Adi) Dassler in Herzogenaurach, Bavaria, Germany, where it remains headquartered today. It is the largest sportswear brand in Europe and the second largest globally by revenue.
Parent Company
adidas AG
Founded
1949
Status
Publicly Traded
Headquarters
Herzogenaurach, Bavaria, Germany
Who Owns Adidas?
- Parent Company: adidas AG
- Ownership Type: Public corporation
- Company Type: Publicly Traded
- Stock Ticker: Frankfurt Stock Exchange: ADS
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Adidas | adidas AG | Public corporation |
History of Adidas
- Founded: 1949
- Founders: Adolf Dassler
Adolf Dassler began making shoes in his mother's laundry room in Herzogenaurach in 1920, using army surplus leather from World War I. Together with his brother Rudolf, he formalized the business as Gebrüder Dassler Schuhfabrik (Dassler Brothers Shoe Factory) in 1924. The factory gained international recognition when German athletes wore Dassler shoes at the 1936 Berlin Olympics, including sprinter Jesse Owens.
The brothers' partnership ended after World War II amid personal and political conflicts, and they split the business in 1948. Adolf Dassler registered Adidas AG on August 18, 1949, taking the name from "Adi" (his nickname) and "Das" (first three letters of his surname). Rudolf registered Puma a week earlier, establishing the rivalry between the two shoe companies that persists to the present day.
Adidas secured iconic status in the 1950s through performance innovations: the screw-in studs developed for the West German national football team's boots, which many credited as a factor in Germany's 1954 World Cup victory over Hungary. The distinctive three-stripe logo, which Adidas had purchased from Finnish company Karhu Sports in 1952 for the equivalent of approximately €1,600 and two bottles of whiskey, became one of the world's most recognized brand marks.
The company expanded rapidly through the 1960s and 1970s, becoming the dominant global sportswear supplier for major athletics events including the Olympics. Adolf Dassler died in 1978. His son Horst Dassler became the dominant figure and reoriented Adidas toward broader sports marketing and sponsorship relationships, including a significant role in the commercialization of FIFA, before dying in 1987 at age 51.
Following Horst Dassler's death, the Dassler family sold Adidas to French businessman Bernard Tapie in 1990 for approximately $320 million. Tapie struggled financially, and Adidas was acquired from bankruptcy proceedings by a consortium led by former French credit minister Robert Louis-Dreyfus in 1993, who took the company public on the Frankfurt Stock Exchange in 1995.
From 1997 to 2023, Adidas was led by a succession of CEOs including Herbert Hainer (1993-2016) and Kasper Rorsted (2016-2023). Key milestones during this period include:
- Acquisition of Salomon Group (ski and outdoor equipment) in 1997 for approximately $1.4 billion and subsequent sale to Amer Sports in 2005 for $485 million.
- Acquisition of Reebok in 2006 for approximately $3.8 billion, intended to compete more effectively against Nike in North America. Reebok was later sold to Authentic Brands Group in 2021 for approximately $2.5 billion following disappointing integration results.
- The Yeezy collaboration with Kanye West (Ye), launched in 2015, became one of the most commercially successful sneaker collaborations in the industry before Adidas terminated the partnership in October 2022 following public statements by West that Adidas deemed antisemitic and hateful. The termination created an approximately €1.2 billion write-down and contributed to Adidas recording an annual operating loss for 2023, its first in over three decades.
- Bjorn Gulden, recruited from Puma, took over as CEO in January 2023 and led a recovery strategy that included liquidating Yeezy inventory through controlled releases, improving operating efficiency, and renegotiating supply chain terms.
For fiscal year 2024, Adidas reported revenues of approximately €23.7 billion, an operating profit of approximately €1.3 billion, and returned to profitability after the Yeezy disruption.
About adidas AG
What does adidas own?
adidas owns the adidas brand, which encompasses performance athletic products (running, football, training, basketball), lifestyle products (Originals, Sportswear), and specialty lines including Y-3 and Five Ten. The company sold Reebok to Authentic Brands Group in 2022. The adidas brand portfolio includes iconic footwear models such as the Superstar, Stan Smith, Gazelle, Ultraboost, and NMD.
Is adidas publicly traded?
Yes, adidas AG is publicly traded on the Frankfurt Stock Exchange under the ticker symbol ADS. The company is a component of the DAX index, Germany's primary blue-chip stock market index. adidas has been publicly traded since 1989.
Who founded adidas?
adidas was founded by Adolf "Adi" Dassler on August 18, 1949, in Herzogenaurach, Bavaria, Germany. Dassler had previously operated a shoe business with his brother Rudolf, who left to found Puma. Adolf Dassler named the company by combining his nickname "Adi" with the first three letters of his surname.
Where is adidas headquartered?
adidas is headquartered in Herzogenaurach, Bavaria, Germany, where the company was founded in 1949. The company's global headquarters campus, known as the World of Sports, is located in Herzogenaurach and houses the company's executive leadership, design studios, and corporate functions.
How many brands does adidas own?
adidas operates primarily under the adidas master brand, with sub-brands including adidas Originals, adidas Sportswear, adidas Performance, Y-3, and Five Ten. The company sold Reebok in 2022 and no longer owns that brand.
Who owns adidas?
adidas is publicly owned with no controlling shareholder. Institutional investors collectively hold the majority of outstanding shares, with BlackRock, Vanguard, and various European investment funds among the largest holders. No individual, family, or private equity firm holds a controlling interest.
What is adidas's revenue?
adidas reported preliminary full-year 2025 revenues of approximately EUR 24.81 billion, up from EUR 23.68 billion in 2024. Operating profit was approximately EUR 2.05 billion, with an operating margin of 8.3%. The company plans to release detailed results and 2026 guidance in early March 2026.
What happened with the Yeezy partnership?
adidas terminated its partnership with Ye (formerly Kanye West) in October 2022 following his antisemitic public statements. The Yeezy collaboration had generated approximately EUR 1.5 billion in annual revenue. The termination left adidas with approximately EUR 1.2 billion in unsold inventory, which the company sold in multiple tranches through 2024, donating a portion of proceeds to anti-discrimination organizations.
- Founded: 1949
- Headquarters: Herzogenaurach, Germany
- Company Type: Publicly Traded
- Stock: Frankfurt Stock Exchange: ADS
- Revenue: EUR 24.81B (FY2025)
- Employees: ~59,000
Where Is Adidas Made / Based?
- Headquarters: Herzogenaurach, Bavaria, Germany
- Manufacturing / Operations: China, Vietnam, Indonesia, Cambodia, Germany
Adidas Sustainability & Ethics
Adidas has committed to using only recycled polyester in its products by 2024, a goal it reported achieving for a significant majority of its core apparel and footwear lines. The company has partnered with Parley for the Oceans since 2015 to incorporate ocean plastic waste into shoe uppers and apparel; as of 2024, over 40 million pairs of Parley product had been sold since the partnership launched.
The company is a member of the Better Cotton Initiative and has committed to sourcing 100% of its cotton as sustainably certified (Better Cotton, organic, or recycled) by 2025. Adidas does not use real animal fur in its products and has progressively reduced the use of exotic animal materials. The company has not yet received vegan certification across its full product range, as leather continues to be used in some footwear lines; recycled-materials is the only verified sustainability flag applicable.
Adidas publishes an annual sustainability report aligned with GRI standards. Third-party auditing of its supply chain is conducted through the Fair Labor Association (FLA), of which Adidas has been a member since 2000.
Awards & Recognition
- Dow Jones Sustainability Index (DJSI): Adidas has been included in the DJSI World and DJSI Europe indices in multiple years, recognized for corporate sustainability performance.
- Forbes Global 2000: Consistently ranked among the world's largest public companies.
- Interbrand Best Global Brands: Adidas has appeared consistently in Interbrand's top 50 global brands list.
- Fashion for Good Member: Recognized for innovation in sustainable materials, particularly the Parley Ocean Plastic program.
- FLA Accreditation: Fair Labor Association accreditation for social compliance programs covering supply chain labor standards.
- TIME100 Most Influential Companies (2023): Adidas recognized for sustainable product innovation.
Adidas Recalls & Controversies
Yeezy Partnership Termination (October 2022): Adidas ended its Yeezy collaboration with Kanye West (Ye) in October 2022 following a series of public statements by West that Adidas characterized as antisemitic and hateful, including a tweet expressing admiration for Adolf Hitler. The termination was among the largest brand partnership dissolutions in history. Adidas had approximately €1.2 billion in Yeezy inventory at the time of termination. The company subsequently sold portions of the inventory through controlled "Yeezy Day" releases and donated portions of proceeds to anti-discrimination organizations. The financial impact contributed to Adidas recording an operating loss for 2023. Adidas completed most Yeezy inventory liquidation by end of 2024. No legal claims between Adidas and West were resolved publicly as of May 2025.
Xinjiang Cotton Sourcing (2021): Adidas, along with Nike, H&M, and Burberry, was targeted in Chinese state-media and social media campaigns in March 2021 after the companies had previously signed Better Cotton Initiative statements expressing concern about reports of forced labor in Xinjiang cotton production. Chinese consumers and celebrities boycotted Adidas and other affected brands. Adidas's Greater China revenues declined significantly from 2021 to 2023. Adidas restated that it does not knowingly source cotton from Xinjiang while maintaining its sustainable sourcing commitments.
Supply Chain Labor Audits: Adidas's supply chain in Southeast Asia has been the subject of labor rights investigations by advocacy groups including the Worker Rights Consortium and Clean Clothes Campaign, which have documented wage theft, excessive overtime, and suppression of worker organizing at contracted factories. Adidas responds to these findings through its FLA compliance process and supplier corrective action requirements. Structural challenges remain given the competitive pressure on supplier pricing that makes living-wage payment difficult to enforce at scale.
Three-Stripe Trademark Litigation: Adidas has pursued extensive global litigation to protect its three-stripe trademark, filing hundreds of cases annually against other brands using parallel stripes on footwear or apparel. Courts in multiple jurisdictions have ruled both for and against Adidas in these cases. In September 2023, the European Union General Court ruled that Adidas's EU three-stripe trademark was invalid due to insufficient distinctiveness, a setback in the company's European trademark enforcement efforts. Adidas appealed the decision.
Kasper Rorsted CEO Exit (2022): Adidas announced the early departure of CEO Kasper Rorsted in August 2022, before the formal announcement of the Yeezy termination. The transition was reported as prompted by strategic disagreements and poor performance in key markets. Rorsted left in November 2022; Bjorn Gulden was appointed successor in December 2022.
Brands Owned by adidas AG
- Reebok - American footwear and clothing brand specializing in athletic shoes, sportswear,...
Adidas Ownership: Pros & Cons
Advantages
- +No controlling shareholder concentration means capital allocation decisions are governed by market discipline and a professional management team rather than family control or private equity timelines
- +Strong brand equity in Europe and among younger lifestyle consumers, particularly through the Adidas Originals portfolio and Samba/Gazelle silhouettes that drove outperformance in 2023 and 2024
- +Broad global distribution with presence in over 160 countries, including dedicated retail stores and a growing direct-to-consumer digital channel
- +Publicly listed status provides access to equity and debt capital markets, transparency through annual reporting, and liquidity for shareholders
Considerations
- -Yeezy termination demonstrated vulnerability of significant revenue concentration in a single celebrity collaboration; the financial and reputational management of the fallout absorbed substantial management attention through 2024
- -Greater China market share loss to domestic brands since 2021 has not fully recovered; Adidas's China revenue remains below peak 2020 levels
- -No majority shareholder provides stability against hostile takeover but also means activist investors can push for short-term strategic changes
- -Supply chain labor compliance in Southeast Asia requires ongoing investment and creates reputational risk when audits surface violations
Frequently Asked Questions About Adidas
Sources & Further Reading
- Adidas AG Annual Report 2024 -
- Frankfurt Stock Exchange: ADS (Adidas AG) -
- Wikidata: Adidas entity -
- Fair Labor Association: Adidas accreditation -
- Adidas Sustainability Report 2024 -
- EU General Court ruling on three-stripe trademark (September 2023) -
- Parley for the Oceans partnership overview -
- Adidas Supplier Factory List -
- Forbes Global 2000: Adidas ranking -
- Interbrand Best Global Brands: Adidas -
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Adidas
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| New Balance | USA | 1906 | Premium | Global | Unisex | |
| Nike | USA | 1964 | Premium | Global | Unisex | |
| Puma | Germany | 1948 | Premium | Global | Unisex |
Learn More About Competitors

New Balance
Owned by New Balance Athletics, Inc.
American athletic footwear and apparel brand, the largest privately held sneaker company in the world.

Nike
Owned by Nike, Inc.
American multinational corporation that designs, develops, manufactures, and markets footwear, apparel, equipment, and accessories worldwide.

Puma
Owned by PUMA SE
German multinational athletic footwear, apparel, and accessories brand, the third-largest sportswear manufacturer in the world.
Competitive Analysis
Market Positioning: Adidas competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
adidas AG Stock Information
Jobs at adidas AG
Latest News About Adidas
Related Articles About Adidas
View more articlesSneaker Brand Ownership: Nike, Adidas, and Beyond
Who owns the biggest sneaker brands? From Nike's Jordan empire to Adidas' Yeezy fallout, explore the complete ownership map of the $131 billion global sneaker market.
15 Sports Brands and Who Really Owns Them
Reebok is owned by a private equity-backed brand licensor. Puma is majority-owned by a luxury fashion group. Converse was rescued from bankruptcy. Here are 15 sports brands and exactly who controls them.
Nike vs Adidas: Everything They Own
Nike and Adidas are the two largest sportswear companies in the world. But their brand portfolios, subsidiaries, and strategic bets look very different. Here is the complete ownership picture for 2026.
People Also Searched
Discover popular brands and companies in the Fashion & Apparel category and related searches from other users.

A. Lange and Sohne
German luxury watch manufacture based in Glashutte, Saxony, founded in 1845 and revived in 1994 after German reunification. Owned by Richemont since 2000, and the only major German manufacture in the Richemont portfolio.

Air Jordan
American premium athletic footwear and apparel brand launched by Nike in 1984 in partnership with Michael Jordan, now operating as Jordan Brand.

Alexander McQueen
British luxury fashion house known for haute couture, ready-to-wear, and accessories, recognized for dramatic design, craftsmanship, and theatrical presentations.