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Adidas should have been called Adodas
* The official reason is that the name came about joining the first 3 letters of the name and surname of its founder, Adolf Dassler.
The preferred sportswear brand Adidas on its internet site explains the origin of its name, which explains how a combination’of the 1st 3 letters of the name and surname of its founder, Adolf Dassler.
Following this reason isn’t understood then where does the ‘i’ in the name of the brand, as reflected some we
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Adidas buys Reebok
The sporting goods manufacturer adidas-Salomon will absorb U.S. Rival Reebok, announced wednesday that western european firm sources.
The exchange will be efficacious in the first half of 2006, the company announced, adding the operation has the blessing of the authorities of antitrust and Reebok shareholder.
Adidas-Salomon will pay 59 Euro Bucks ( 72 dollars
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) a share for Reebok, which is 34.2 % more than it cost the close of business yesterday, tuesday. The U.S. Company president, Paul fireman, owner of seventeen percent of the shares of Reebok, has also expressed its agreement to buy, Adidas-Salomon claimed.
The Germanic-American company will finance the exchange with paper and thru loans, and expects the purchase to lift its shares on the Frankfurt Stock Exchange.
Adidas-Salomon said the purchase will permit both firms to reduce financial co
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sts and assist them to achieve their growth predictions. The company expects to get returns on this investment from the 3rd year after closing. Share your passion for adidas on adidas forum
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