German World Cup graft claims close to home for Adidas
Allegations that Germany bribed its way to secure the right to host the 2006 World Cup not only shook the football world, but also shone a spotlight on cosy ties between sportswear giant Adidas and FIFA.
Oct 21, 2015, 20:11 PM ISTFIFA to investigate 'serious allegations' on Germany bribes
FIFA says allegations that Germany used bribes to secure the 2006 World Cup are "serious" and will be reviewed as part of its ongoing investigation into corruption in soccer.
Oct 17, 2015, 08:32 AM ISTAdidas reports higher sales, modest profit rise
Net profit in the April through June period was up 1.4 percent compared to the second quarter last year to 146 million euros ($159 million), the company said, in line with expectations.
Aug 06, 2015, 14:08 PM ISTAdidas seeks permission to run company-owned stores in India
At present, Adidas -- which globally manufactures and sells sports shoes, apparels and accessories -- is selling its range of products through its network of franchisees.
Jul 16, 2015, 17:38 PM ISTAdidas targets faster sales and profit growth from 2016
German sportswear company Adidas hopes to increase sales and profitability at a faster rate in the next five years by focusing its marketing on six global cities, selling more direct to customers and expanding product customisation.
Mar 26, 2015, 12:49 PM ISTAdidas expects sales and profit growth as golf unit recovers
For 2015, it said it expected sales to rise at a mid single-digit rate on a currency neutral basis, while net profit from continuing operations should increase by 7-10 percent.
Mar 05, 2015, 12:57 PM ISTAdidas says profits hit by falling ruble, divestment
Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.
Jan 23, 2015, 15:19 PM ISTAdidas appoints Tushar Goculdas as Brand Dir-Emerging markets
German sportswear major adidas has appointed Tushar Goculdas as Brand Director-adidas, Emerging Markets, with effect from March 1, 2015.
Nov 24, 2014, 14:44 PM ISTAdidas India appoints Dave Thomas as new managing director
Dave Thomas has been appointed as the new managing director of adidas group India.
Oct 24, 2014, 15:52 PM IST