#Retail & Brands

2024-03-07

Leveraging the unifying power of sport to drive positive transformations

adidas announces the establishment of the adidas Foundation, a dedicated initiative designed to consolidate and amplify the company's commitment to making a meaningful impact on the communities it serves.

The adidas Foundation will center its impact around three core pillars: "People," "Planet," and "Relief." Within the "People" category, three distinct programs will be established, emphasizing anti-discrimination, sport for development, and inclusive access to sports for all. Under the "Planet" category, two dedicated programs will be developed to concentrate on preserving the physical spaces of sport and promoting sustainable practices in sport. Additionally, the "Relief" category will enable the adidas Foundation to respond to the evolving needs of partners and the global communities they serve during times of disaster and crisis.

The adidas Foundation acts as an independent entity led by a dedicated team of experts accountable for carrying out all program operations. It is supervised by the Board of Directors of the adidas Stiftung which is composed of a majority of independent experts that act as the sole shareholder of the adidas Foundation.

The adidas Foundation is set to commence its program operations in March 2024, initiating with an open request for proposals from organizations seeking funding for projects dedicated to combatting hate and discrimination through sport and physical activity. A complete set of evaluation criteria, along with application guidance for potential applicants is now available at adidasfoundation.org.

The adidas Stiftung and adidas Foundation gGmbH, a non-profit company under German private law, are based in Germany and will work with organizations and partners around the world.

To learn more about the adidas Foundation, please visit

adidasfoundation.org

Adidas achieves strong start to 2025 with double-digit growth across all markets

Sportswear giant adidas has reported a significantly better-than-expected performance for the first quarter of 2025, reflecting strong momentum across both lifestyle and performance categories. The company posted a 13% increase in currency-neutral revenues, driven by 17% growth in the adidas brand and broad-based double-digit gains across markets, sales channels, and product segments.

adidas finishes successful year with better-than-expected fourth quarter results

adidas today announced preliminary results for the fourth quarter of 2024. In Q4, currency-neutral revenues increased 19%. In euro terms, the company’s revenues grew 24% to € 5,965 million (2023: € 4,812 million). Excluding Yeezy sales in both years, currency-neutral revenues increased 18%. The company’s gross margin increased 5.2 percentage points to 49.8% (2023: 44.6%). Operating profit reached € 57 million in the quarter (2023: operating loss of € 377 million).

Arthur Hoeld, Executive Board Member for global sales, to step down from the Executive Board of Adidas - Mathieu Sidokpohou appointed as successor

Arthur Hoeld, Executive Board member responsible for Global Sales, has informed adidas AG’s Supervisory Board that he will not extend his Executive Board mandate beyond March 31, 2026. The Supervisory Board has accepted his decision and both parties mutually agreed on the early termination of his appointment as an Executive Board member with effect from the end of October 31, 2024.

adidas celebrates 75 years of innovation and sports history

The year 2024 is a special one for sporting goods manufacturer adidas: on August 18, the Herzogenaurach-based company celebrates its 75th anniversary. With great sporting events such as the Olympic Games in Paris, the European Football Championships in Germany and the Copa America in the US, the 2024 year of sports provides a perfect setting for the anniversary.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

Ibrahim Fibres and Trützschler: A strong partnership enters its next phase with the TC 30Si

For more than two decades, Ibrahim Fibres and Trützschler have grown side by side, driven by a shared ambition to continuously improve spinning performance, strengthen technology leadership and set new benchmarks in the textile industry. Today, Ibrahim Fibres is a leading yarn and polyester staple fiber manufacturer in Pakistan. The company operates the largest number of Trützschler cards in the country, with more than 200 machines running across its mills in Faisalabad, and plays an important role in one of Asia’s largest textile industries.