The Garage
ADS · Herzogenaurach, Germany

Adidas

The innovative German sportswear pioneer that turned performance footwear into a global cultural lifestyle icon.

Founded 1949
By Adolf Dassler
Live Price
Today
Symbol
ADS
1949
The split from Puma and the three-stripe birth
Following a bitter family feud between brothers Adi and Rudolf Dassler, Adolf "Adi" Dassler founded Adidas. He quickly established the company’s identity by focusing on superior athletic performance, famously providing screw-in studs for the German national football team during their 1954 World Cup victory. This moment not only put Adidas on the map but cemented its reputation as the essential gear for professional athletes worldwide.
1986
The hip-hop collision and the street culture shift
Adidas bridged the gap between professional sports and popular culture when it became the footwear of choice for the hip-hop movement, most notably through Run-D.M.C. By embracing the street style of the urban youth, Adidas transformed from a purely functional performance brand into a fashion necessity. This cultural pivot proved that athletic apparel could be worn as a badge of lifestyle identity, setting the template for the modern sportswear industry.
2006
The Reebok acquisition and the search for scale
In a move to directly challenge Nike’s dominance in the North American market, Adidas acquired its rival Reebok. The acquisition was intended to give Adidas a massive, integrated presence in American sports like basketball and fitness. However, the integration proved difficult, as the two brands struggled to find a unified identity, leading to years of stagnant growth for the Reebok division while Adidas’s core brand remained the primary engine of success.
2021
The Reebok divestment and the digital-direct strategy
After concluding that Reebok no longer aligned with its long-term strategic vision, Adidas sold the brand to Authentic Brands Group. This divestment allowed Adidas to sharpen its focus on its own "Own the Game" strategy, which emphasized direct-to-consumer sales, digital e-commerce, and high-performance sustainable apparel. By cutting away the bloat, Adidas aimed to reclaim its agility in a fast-moving, influencer-driven global market.
2026
The high-performance lifestyle powerhouse
By mid-2026, Adidas operates as a streamlined, data-driven global apparel giant. Through its mastery of supply-chain automation and its deep integration with digital creators, the company has maintained its status as the leading European sportswear brand. It balances its core athletic heritage with high-margin lifestyle collections, consistently proving its ability to adapt to rapid changes in global youth culture.
The Numbers
market cap $38.4B (July 2026)
revenue $23.8B (FY2025)
net income $920M (FY2025)
employees 59,000
ipo year 1995
ipo price N/A
current ceo Bjørn Gulden
revenue forecast $25.2B (2026 analyst consensus)
Who Owns Adidas
Groupe Bruxelles Lambert (GBL)
Largest strategic institutional shareholder
~7.6%
BlackRock
Significant institutional manager
~6.2%
Norges Bank Investment Management
Sovereign wealth fund index holder
~3.1%
Public float
Remaining shares publicly traded
~83.1%
Frequently Asked Questions
Who founded Adidas?
Adidas was founded by Adolf Dassler.
When was Adidas founded?
Adidas was founded in 1949.
Where was Adidas founded?
Adidas was headquartered in Herzogenaurach, Germany.
Why was Adidas created?
Following a bitter family feud between brothers Adi and Rudolf Dassler, Adolf "Adi" Dassler founded Adidas. He quickly established the company’s identity by focusing on superior athletic performance, famously providing screw-in studs for the German national football team during their 1954 World Cup victory. This moment not only put Adidas on the map but cemented its reputation as the essential gear for professional athletes worldwide.
What does Adidas do?
The innovative German sportswear pioneer that turned performance footwear into a global cultural lifestyle icon. Explore the story of Adidas, from the 1949 family split to its dominance as a premier global lifestyle and performance sportswear icon.
How did Adidas grow?
By mid-2026, Adidas operates as a streamlined, data-driven global apparel giant. Through its mastery of supply-chain automation and its deep integration with digital creators, the company has maintained its status as the leading European sportswear brand. It balances its core athletic heritage with high-margin lifestyle collections, consistently proving its ability to adapt to rapid changes in global youth culture.
Who owns Adidas?
Groupe Bruxelles Lambert (GBL) owns ~7.6%. BlackRock owns ~6.2%. Norges Bank Investment Management owns ~3.1%. Public float owns ~83.1% (Largest strategic institutional shareholder)
How much of Adidas does Groupe Bruxelles Lambert (GBL) own?
Groupe Bruxelles Lambert (GBL) owns ~7.6% (Largest strategic institutional shareholder)
When did Adidas go public?
Adidas had its IPO in 1995, with an initial share price of N/A.
How many employees does Adidas have?
Adidas has approximately 59,000 employees.
What is Adidas's revenue?
Adidas generated $23.8B (FY2025) in revenue. Analysts forecast $25.2B (2026 analyst consensus).
What is Adidas's market cap?
Adidas has a market capitalisation of $38.4B (July 2026).
Who is the CEO of Adidas?
The current CEO of Adidas is Bjørn Gulden.
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Also in The Garage
Nike
Phil Knight sold Japanese shoes from the boot of his car. Bought the swoosh for $35. Revenue fell 10% in 2025.
Puma
The rebellious offshoot of the Dassler family that pioneered the intersection of elite sport and high-fashion style.
New Balance
A British immigrant made arch supports for chickens in 1906. Built a shoe company. It stayed private, made shoes in America, and waited 118 years for culture to find it.
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