#Retail & Brands

2024-10-24

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.

The Supervisory Board has appointed Mathieu Sidokpohou (49) to succeed Arthur Hoeld as Executive Board member for Global Sales, effective November 1, 2024. Mathieu, a French national, joined the company in 2020 as General Manager adidas France. In July 2021, he became General Manager of the Cluster South Europe before taking over the responsibility as Managing Director for Europe in 2023.

“Mathieu has exactly the experience and the attitude that we need at this point of our turnaround to continue the momentum and further grow our business together with our partners. Mathieu and his team have led the recent success in our home market Europe which grew by more than 20%. I really look forward to working with him and to seize the opportunities ahead of us. I would also like to thank Arthur for his partnership when I started my new role at adidas, for his strong dedication to the brand and for all the great achievements made under his leadership throughout the last 26 years,” said adidas CEO Bjørn Gulden.

Arthur Hoeld joined adidas in 1998. Prior to his appointment as Executive Board member for Global Sales, he held various leadership positions across Global Brands and Market EMEA, including SVP Brand Strategy & Business Development, General Manager for Originals and Managing Director EMEA at adidas.

“On behalf of the Supervisory Board, I would like to thank Arthur for his dedication, passion and leadership. With his strong commercial experience and brand track record, he celebrated many successes over the last two decades and was an integral part of our turnaround. We wish him all the best for his future endeavors,” said Thomas Rabe, Chairman of the Supervisory Board of adidas AG. “At the same time, we are pleased that with Mathieu we are once again able to appoint an excellent internal candidate to the Executive Board. He brings a strong omnichannel commercial experience both from his time at adidas and from leading global retailers to his new role on our Executive Board.”

As of November 1, 2024, the company’s Executive Board will consist of Bjørn Gulden (Chief Executive Officer and Global Brands), Harm Ohlmeyer (Chief Financial Officer), Michelle Robertson (Global Human Resources, People and Culture) and Mathieu Sidokpohou (Global Sales).

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).

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.

adidas reports strong Q2 growth with double-digit sales increase

Adidas has announced a robust second quarter, showcasing significant growth and strong brand momentum. The company achieved an 11% increase in currency-neutral sales, driven by a remarkable 16% growth in the Adidas brand. This growth was consistent across all channels and markets, highlighting the brand's expanding influence and appeal.

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.

Mayer & Cie. to shut down after failed search for investor – 270 jobs affected

Mayer & Cie., the long-established German manufacturer of circular knitting and braiding machines, will cease operations after its international search for an investor ended without success. The company, based in Albstadt-Tailfingen, had been undergoing insolvency proceedings in self-administration since its filing on 23 September 2025. As Schwarzwälder Bote reports, the insolvency court has now formally opened the proceedings, triggering the decision to wind down the business in an orderly process.

European research project addresses textile waste through integrated recycling technologies

A major European research initiative coordinated by Fraunhofer UMSICHT has been launched to develop integrated solutions for textile waste recycling. The AUTOLOOP project aims to create a comprehensive system that could process 1.24 million tonnes of textile waste annually by 2050, whilst potentially creating over 130,000 green jobs across the EU. This project aims to develop, test and integrate automated sorting, tracing, and closed-loop recycling technologies for polyester-based textiles (NRT), addressing the pressing challenge of textile waste management.

CARBIOS and Wankai sign strategic PET biorecycling pact

CARBIOS (Euronext Growth Paris: ALCRB) and Wankai New Materials (“Wankai”), a listed subsidiary of Zhink Group, the 3rd largest PET producer in China and 4th worldwide, announce the signing of the definitive agreement establishing a strategic partnership for the industrial rollout of CARBIOS’s PET biorecycling technology in Asia. The first milestone will be the construction of a PET biorecycling plant in China.