Adidas Net Worth: Facts About Adidas Company!
Adidas is a German multinational corporation that creates footwear, clothing, apparel, and other accessories. The company was founded in 1924, and it was rebranded in 1949. Adidas is Europe’s largest sportswear manufacturer and the world’s second largest.
Adidas is without a doubt one of the richest sports companies in the world, with brand loyalists and customers spread across the globe.
Adidas Brand Value
Adidas’ brand value increased significantly between 2016 and 2022.
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Adidas Net Worth and Earnings
Adidas is one of the most well-known sports brands, with a global following. Apart from Nike, no other company in the world of sportswear production has a global reach as extensive as Adidas. Adidas has expanded its business beyond being Europe’s leading sportswear manufacturer to include partial ownership of a football club and a technical fitness company.
Adidas owns 8.33% of Bundesliga giants and current champions Bayern Munich, as well as Runtastic, an Austrian digital health and fitness company. Adidas completed its takeover of Reebok in 2005, when it paid $3.8 billion for the company, further expanding its global business.
According to reports, Adidas has a net worth of $64.9 billion based on its market capitalization as of 2022.
Adidas earned $23.64 billion in revenue, the most the company has earned in the twenty-first century. Adidas’ net income is €1.977 billion, the highest it has ever been in the twenty-first century. Adidas’s footwear sales accounted for roughly half of its total revenue. Adidas was impacted by the pandemic, as 70% of its stores were closed.
Adidas suffered a financial setback, recording revenue of €4.753 billion in the first quarter of 2022, down from €5.883 billion in 2019. Adidas’ net income was also impacted, with the company earning €20 million in the first quarter of 2022. Adidas’ net income fell dramatically, from €631 million in 2019 to €20 million in 2022.
Facts About Adidas Company
Adidas owns 1,190 stores around the world. Adidas currently employs 59,533 people across its global network. Adidas controls 10% of the footwear market and 6% of the sportswear market in the United States.
In 2019, the company produced 448 million footwear and 558 million apparel. Adidas has the highest customer satisfaction index score in the United States. It is the world’s second-largest sportswear manufacturer and the largest in Europe.
Adidas paid $1.4 billion for Salomon and Taylormade in 1997.
Adidas has two distinct logos. The Three Stripes Logo is the most recent and widely used logo. The logo was created in 1997. The slanted three stripes logo can be found on the brand’s sports equipment.
The Adidas Brand’s old and iconic logo is “The Trefoil.” It was founded in 1971 and is now primarily used for the brand’s eccentric Originals line of apparel and leisure wear.
Adidas Sponsorship Deals
Adidas has sponsorship deals with 29 sports around the world. It is a significant contributor to sports such as the NFL, soccer, cricket, tennis, and basketball. Adidas sponsors both teams and individual players.
Adidas supplies clothing and equipment to all MLS teams in the United States. Adidas is a UEFA Champions League official sponsor.
Legendary athletes from all sports have been sponsored by the brand, including Lionel Messi, Zinedine Zidane, Kobe Bryant, James Harden, Andy Murray, and David Beckham.