CEO of the adidas Group Archive

adidas Group announces preliminary results and increases 2016 financial outlook

July 28, 2016   Herzogenaurach – The adidas Group today announced preliminary results for the second quarter of 2016.   Group revenues increased 21% on a currency-neutral basis and 13% in euro terms to € 4.4 billion. As a result of a higher gross margin as well as operating expense leverage, Group operating profit increased

adidas Group lays foundation stone for expansion of World of Sports

Herzogenaurach, July 13, 2016 – The adidas Group today officially laid the foundation stone for two new employee buildings at its headquarters in Herzogenaurach. `Campus Expansion South’ is a further key prerequisite for the company’s continuing growth and includes a new office building for more than 2,000 employees as well as an events building with

adidas Group Completes Divestiture of Mitchell & Ness

July 1, 2016 Herzogenaurach, Germany / Philadelphia, Pennsylvania, United States – The adidas Group announced today that on June 30 it has formally completed the divestiture of its Mitchell & Ness business to a newly formed entity primarily owned by Juggernaut Capital Partners. The achieved initial closing represents the first important step to carve out

adidas and DFB extend partnership until 2022

Paris/Frankfurt/Herzogenaurach, June 20, 2016 – One of the longest and most successful partnerships in sport continues: Today, the German Football Association (DFB) and adidas officially announced the extension of their long-term partnership. DFB President Reinhard Grindel and Herbert Hainer, CEO of the adidas Group, confirmed in Paris that adidas will remain the Official Supplier of