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  4. Adidas
Adidas logo
Fashion & Apparel

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

mid rangemass marketGlobalall-agesrecycled materialsOfficial Website

Who Owns Adidas?

  • Parent Company: adidas AG
  • Ownership Type: Public corporation
  • Company Type: Publicly Traded
  • Stock Ticker: Frankfurt Stock Exchange: ADS
BrandParent CompanyOwnership Type
Adidasadidas AGPublic corporation

Where to Buy

Disclosure: We may earn commission from purchases
AmazonAdidas on Amazon

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.

In Q2 2026, Adidas reported record quarterly sales, the highest quarterly revenue in the company's history. Growth was driven by approximately 30% year-over-year growth in the running category, led by the Adizero and Evo SL footwear lines. The Adizero franchise, positioned as a lightweight performance running shoe, and the Evo SL, a training and everyday running shoe, both posted double-digit volume gains across North America and Europe. The record quarter reinforced CEO Bjorn Gulden's recovery strategy, which has focused on product innovation in performance categories rather than relying on lifestyle or celebrity collaborations.

On August 28, 2026, Adidas signed a kit sponsorship deal with the Nigeria Football Federation (NFF) worth approximately $8.5 million per year, switching the Nigerian national teams from Nike to Adidas. The deal is the largest kit sponsorship in African football history. Nigeria's national teams, including the Super Eagles, had been with Nike since 2002. The agreement covers all Nigerian national football teams and runs through the 2030 World Cup cycle.

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 full-year 2025 revenues of EUR 24.81 billion, up from EUR 23.68 billion in 2024. Operating profit was EUR 2.06 billion, with an operating margin of 8.3%. Net income from continuing operations reached EUR 1.38 billion. For 2026, the company guides to high-single-digit currency-neutral revenue growth and operating profit of approximately EUR 2.3 billion.

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: ~64,900

Visit adidas AG website

View full company profile for adidas AG

Where Is Adidas Made / Based?

  • Headquarters: Herzogenaurach, Bavaria, Germany
  • Manufacturing / Operations: China, Vietnam, Indonesia, Cambodia, Germany

Adidas Categories & Tags

SportswearFootwearApparelAthleticGerman BrandGlobal Brand

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

ReebokFashion Apparel

Reebok

Owned by adidas AG

American footwear and clothing brand specializing in athletic shoes, sportswear, and fitness apparel, known for its classic designs and fitness-focused heritage.

athletic-footwearsportswearfitness-apparel
View all brands owned by adidas AG

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 -
  • Adidas AG Q2 2026 Results -
  • Nigeria Football Federation: Adidas kit deal announcement (August 28, 2026) -

Competitors 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.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Columbia SportswearColumbia Sportswear
Columbia Sportswear
USA
1938
Mass marketGlobalAll-ages
New BalanceNew Balance
New Balance
USA
1906
PremiumGlobalAll Genders
PumaPuma
Puma
Germany
1948
PremiumGlobalAll Genders
Beck'sBeck's
Ab Inbev
Germany
1873
PremiumGlobalAll-ages
FILAFILA
Misto Holdings
South Korea
1911
Heritage sportswearGlobalAll Genders
HelloFreshHelloFresh
Hellofresh
Germany
2011
Mass marketGlobalAll-ages

Learn More About Competitors

Columbia SportswearSports

Columbia Sportswear

Owned by Columbia Sportswear

American outdoor apparel and footwear brand known for innovative weatherproofing technologies, headquartered in Portland, Oregon.

outdoor-apparelsportswearfootwear
New BalanceFashion Apparel

New Balance

Owned by New Balance Athletics, Inc.

American athletic footwear and apparel brand, the largest privately held sneaker company in the world, known for multi-width sizing and domestic manufacturing.

sneakersathletic-wearfootwear
PumaFashion Apparel

Puma

Owned by PUMA SE

German multinational athletic footwear, apparel, and accessories brand, the third-largest sportswear manufacturer in the world. Headquartered in Herzogenaurach, Germany, with approximately 20,000 employees and sales in 120+ countries.

sneakersathletic-wearsportswear
Beck'sFood Beverage

Beck's

Owned by Anheuser-Busch InBev SA/NV

German pilsner beer founded in Bremen in 1873, now owned by AB InBev and sold in more than 80 countries worldwide.

beerpilsnergerman-beer
FILAFashion Apparel

FILA

Owned by Misto Holdings Corp.

Italian-founded sportswear and lifestyle brand owned globally by South Korea's publicly traded Misto Holdings Corp.

sportswearfootweartennis
HelloFreshFood Beverage

HelloFresh

Owned by HelloFresh SE

German meal kit delivery company providing pre-portioned ingredients and recipes for home cooking, publicly traded on the Frankfurt Stock Exchange.

meal-kitfood-deliveryconvenience-food

Competitive Analysis

Market Positioning: Adidas competes with 6 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.

Independent Alternatives to Adidas

Looking for brands with different ownership structures? These similar brands are not owned by adidas AG, giving you alternative choices that support different corporate structures.

ChampionFashion Apparel

Champion

Owned by Authentic Brands Group

American sportswear brand known for hoodies and sweatshirts, owned by Authentic Brands Group.

sportswearathletic-apparelhoodies
Privately Owned

Champion is privately owned, unlike Adidas which is under a publicly traded parent company.

IzodFashion Apparel

Izod

Owned by Authentic Brands Group

American casual sportswear and golf apparel brand founded in 1938, known for polo shirts and preppy aesthetic. Owned by Authentic Brands Group since 2021 and operated through licensing partners.

golfsportswearpolo-shirts
Privately Owned

Izod is privately owned, unlike Adidas which is under a publicly traded parent company.

NauticaFashion Apparel

Nautica

Owned by Authentic Brands Group

American apparel brand specializing in nautical-inspired clothing, outerwear, and lifestyle products for men, women, and children. Owned by Authentic Brands Group and operated by Catalyst Brands.

nautical-fashionapparelouterwear
Privately Owned

Nautica is privately owned, unlike Adidas which is under a publicly traded parent company.

SkechersFashion Apparel

Skechers

Owned by Skechers U.S.A., Inc.

American footwear brand known for comfort-focused shoes, the third-largest footwear company globally by revenue.

footwearcomfort-shoessneakers
Privately Owned

Skechers is privately owned, unlike Adidas which is under a publicly traded parent company.

UNTUCKitFashion Apparel

UNTUCKit

Owned by Randa Apparel & Accessories

Digitally native menswear brand known for shirts designed to be worn untucked, founded in 2010 and acquired by Randa Apparel & Accessories in September 2026.

menswearshirtsdirect-to-consumer
Privately Owned

UNTUCKit is privately owned, unlike Adidas which is under a publicly traded parent company.

Van HeusenFashion Apparel

Van Heusen

Owned by Authentic Brands Group

American dress shirt and professional apparel brand with roots dating to 1881, now owned by Authentic Brands Group and operated through licensing partnerships.

dress-shirtsprofessional-apparelamerican-brand
Privately Owned

Van Heusen is privately owned, unlike Adidas which is under a publicly traded parent company.

adidas AG Stock Information

Jobs at adidas AG

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Last reviewed: September 1, 2026 · Reviewed by Who Brands Editorial Team