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adidas AG ADR (ADDYY)

- OTCQX
  • Thu, Jun. 25, 7:23 AM
    • Skechers (NYSE:SKX) is an attractive target for Nike (NYSE:NKE) or Adidas (OTCQX:ADDYY, OTCPK:ADDDF), according to the The Business of Fashion.
    • An acquisition would give either a company a stronger position in the growing fashionable walking shoe market.
    • Skechers trades at stretched-out valuation after doubling in share price this year.
    • SKX +101.9% YTD.
    | Thu, Jun. 25, 7:23 AM | 17 Comments
  • Fri, Jan. 23, 6:18 AM
    • Adidas (OTCQX:ADDYY) has sold its Rockport shoe business for $280M to a new entity formed by Berkshire Partners and New Balance, as the German company narrows its focus on sporting goods.
    • CEO Herbert Hainer is under pressure for a turnaround after scrapping sales and profit targets for 2015 last year because of slumping demand for golf supplies in North America and turmoil in Russia.
    | Fri, Jan. 23, 6:18 AM | Comment!
  • Oct. 20, 2014, 2:02 AM
    • A group of investors from Hong Kong and Abu Dhabi is launching a €$1.7B ($2.2B) bid to buy Reebok from Adidas (OTCQX:ADDYY) following years of disappointing results and fading market share.
    • Hong-Kong based private equity fund Jynwel Capital and funds affiliated with the government of Abu Dhabi plan to send a letter to Adidas proposing the deal.
    • Adidas bought Reebok in 2006 for approximately €3B ($3.8B).
    | Oct. 20, 2014, 2:02 AM | Comment!
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Company Description
adidas Group designs, develops, produces and markets a range of athletic and sports lifestyle products.
Industry: Apparel Stores
Country: Germany