Adidas Financial News

The choice to replace Adidas with Nike as the supplier of kit for the German football team from 2027 to 2034 was a purely commercial decision by the German Football Federation (DFB). Germans’ reaction to the ending of a 77-year-old all-German partnership was, by contrast, highly emotional. Commerce is destroying a piece of Heimat, lamented Karl Lauterbach, the health minister, using the German word that evokes the idea of home, belonging and place.

who registered his invention with the German patent office on Aug. 30, 1949. But they certainly helped the Germans beat Hungary in the 1954 World Cup final.

German soccer and Adidas are breaking up

By Helen Reid

UConn forward Aaliyah Edwards signed a big name, image and likeness contract this week with Adidas Canada, but wasn’t allowed to speak with reporters about it for fear that promoting the deal might jeopardize her student visa

this week with adidas Canada, but wasn't allowed to speak with reporters in Connecticut about it on Tuesday, for fear that promoting the deal might jeopardize her student visa. Under current United States law, Edwards, who is from Kingston, Ontario, and other international students can only make money in this country with passive NIL deals. She gets a little something, for example, if someone buys a jersey with her name on it at the campus bookstore.

Shoe and sports clothing maker Adidas says it has started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West

By Gursimran Mehar and Ananya Mariam Rajesh

Tiger Woods in a red shirt on Sunday has become as recognizable as a Masters champion in a green jacket

Adidas is setting up its first and only global capacity centre (GCC) in Asia outside China in Chennai, to focus on 'key processes', sources aware of the developments told ET. The athletic footwear and apparel giant’s move reinforces the recent boom of multinationals investing in India in large numbers to set up their GCCs to harness the abundant software skills in the country.

sports brands have sprinted in the past two years, during the pandemic and since. They have doubled business in India, driven by increasing awareness about fitness and surging demand for athleisure wear. Brands such as Puma, Decathlon, Adidas, Skechers and Asics have all grown 35-60% year-on-year since FY21, posting combined revenues of ₹11,617 crore in FY23, according to regulatory filings sourced from the Registrar of Companies.

By Savyata Mishra and Aishwarya Venugopal

By Khushi Singh, Ankika Biswas and Sruthi Shankar

Puma SE will end its sponsorship of Israel’s football federation after 2024 as the German company focuses on fewer and higher-profile partnerships. The decision is unrelated to the war in Gaza that began in October and was made late last year as part of Puma’s new “fewer-bigger-better" strategy, the company said in an emailed statement. The brand has faced calls for boycotts in some markets over its support for Israel’s team.

Gopal Asthana, Chief Executive Officer, Tata CLiQ, said, “With Christmas and the New Year around the corner, it’s time to welcome the biggest celebration this holiday season. The End of Season Sale is one of the most anticipated events of the year, wherein we save the best for last. Irresistible deals on a curated assortment of brands offered during the sale is the perfect opportunity for consumers to indulge themselves in the festivities, dress up, and shop for gifts for the upcoming occasions. Tata CLiQ has become a trusted destination for online shopping, and we are committed to delivering an exceptional shopping experience. We wish everyone a joyous season and encourage them to join in the end of season sale celebration that promises incredible savings on the latest styles." This holiday season, Tata CLiQ is encouraging consumers to 'get ready for the year's biggest celebrations with EOSS’, signalling excitement for the joyous year-end celebrations with Christmas and New Year spilling over Monday, giving everyone a week’ worth of festivities.

premier fashion e-tailer AJIO today announced its flagship event ‘Big Bold Sale’ powered by Adidas and co-powered by Superdry starting from 7 December 2023. Customers got early access to the sale starting from 4 December.

NEW DELHI : The Indian arm of German sportswear giant Adidas is putting a strategic focus on key segments such as running, cricket and the lifestyle brand Adidas Originals to amplify its market presence in the country, Neelendra Singh general manager for the India market, said in an interview. For instance, it sold over half a million Indian team jerseys during the recent ODI World Cup on the back of its partnership with the BCCI as the official kit sponsor of the Indian cricket team. Adidas has a network of over 350 franchise stores and 75 company-owned stores in India.

By Ananya Mariam Rajesh

Black Friday Sale 2023: From Vijay Sales to Croma, best deals and offers from Indian retailers In the West, Black Friday is synonymous with deep discounts. In India, retailers are offering 50-70% discounts on products, free shipping, easy-to-return policies, and offers like buy-one-get-one offers on beauty products, apparel, and electronic items among others. Electronic brand Croma unveiled its 'darkest' Black Friday sale this year.

By Ceyda Caglayan

Gopal Asthana, Chief Executive Officer, Tata CLiQ, said, “The Black Friday Sale has always been an exciting time as we look at providing consumers with never-seen-before offers on leading global and Indian brands across a wide range of categories. Our efforts are focused on providing our customers with a curated range of brand and products and an elevated shopping experience. As we work towards establishing ourselves as the preferred platform for lifestyle, luxury, and beauty, we are elated to announce this year’s Black Friday Sale on Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette. With a variety of enticing offers across different categories, we are confident that this will delight consumers as they shop for the holiday season. We are expecting the momentum of the festive season to continue right through the Christmas and New Year and are, thus, anticipating the upcoming Black Friday Sale to end on a triumphant note yet again." Tata CLiQ, India’s leading e-commerce destination, is driving the proposition of ‘Thank God It’s Black Friday', signalling a sense of exhilaration for the extraordinary shopping adventure consumers can embark on with this sale.