) is a major German-based sports apparel manufacturer and parent company of the Adidas Group, which consists of the Reebok sportswear company, TaylorMade-adidas golf company (including Ashworth), and Rockport. Besides sports footwear, the company also produces other products such as bags, shirts, watches, eyewear and other sports and clothing related goods. The company is the largest sportswear manufacturer in Europe and the second biggest sportswear manufacturer in the world, after its U.S. rival Nike. - Source: Wikipedia
Adidas said at the time that Rorsted would hand over during the course of next year but said on Tuesday that he and the supervisory board “mutually agreed” that he will step down and leave the company Friday.
Okabashi Brands, a Georgia-based shoe company and Adidas partner, has laid off 142 workers after Yeezy shoes stopped being produced, the company announced Friday.
© Copyright 2023 The Washington Times, LLC
3600 New York Avenue NE, Washington, DC 20002