Dysfunctional Family Businesses: Adidas and Puma Cory Bortnicker Jun 30, 2009 8:20 am |
![]() |
![]() |
|
||||||||||||
![]() |
|||||
| more Disfunctional Family Businesses » | |||||
|
"As embittered rivals, the estranged brothers led their respective companies to the top of the world," writes Barbara Smit in her book Sneaker Wars. "Muhammad Ali, Franz Beckenbauer and Zinédine Zidane became legends in the 3 stripes of Adidas, while soccer god Pelé and Boris Becker achieved global fame in Pumas."
After acquiring Reebok in 2005, Adidas significantly expanded its global reach into North American markets, where it's second only to Nike (NKE). In addition to its world-famous shoes, Adidas now manufacturers apparel for tennis, golf, basketball, lacrosse and an array of accessories including bags, socks, watches, hats, and even deodorants.
While Puma still stands in the shadow of Adolf’s business, the company has seen rapid growth over the last 10 years. In 2006, the company clinched sponsorship of the World Cup, and brought on New York Yankees all-star center fielder Johnny Damon as its US spokesman.
Only once has a truce been documented - although among the die hards it may be seen as more of a defection. Frank Dassler, the grandson of Rudolf, was at one time the head of Puma USA. He is now the head of legal affairs of Adidas.
In an interview with Newsweek, Smit said that Frank’s crossing of the river ultimately “symbolizes that things are a bit more rational these days.”
Indeed, the complicated world of international business may have driven Dassler to unite the clans, albeit briefly. But for the original combatants, Adolf and Rudolf, the feud remains eternal.
As BBC writer Tom Hagler observes: “At the local cemetery, their graves are about as far apart as you can get.”
![]() |
discuss this article and more on the mv exchange |
|
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides



















