Dysfunctional Family Businesses: Adidas and Puma Cory Bortnicker Jun 30, 2009 8:20 am |
![]() |
![]() |
|
||||||||||||
![]() |
|||||
| more Disfunctional Family Businesses » | |||||
|
Thanks to a family feud between the brothers Dassler, each side of Herzogenaurach has its own shops, schools, politics and most importantly, jobs. On one side of the Aurach river, you’ve got Adolf Dassler’s loyalists who helped build Adidas into a $15 billion company.
But the blood wasn’t always so bad. After returning from World War I, Adolf and Rudolf began manufacturing shoes together in Mutter Dassler’s kitchen. Adolf was the craftsman, meticulous and inventive. Rudolf was the salesman, loud-mouthed and gregarious.
The Dasslers' shoe company, Gebrüder Dassler Schuhfabrik, was one of the most successful shops in post-war Germany. During the 1936 summer Olympic Games in Berlin, the brothers staged an innovative marketing coup, equipping quadruple gold medal winner Jesse Owens with his shoes.
It was one of the first and most important sponsorships in sports history.
However, Adolf and Rudolf’s relationship -- both professional and personal -- wouldn’t last. As Hitler came to power, both brothers joined the Nazi party.
It was Rudolf, however, who seemed more enthralled with the Nazi cause. After he was captured by the Americans and accused of being a member of the SS, Rudolf even blamed his brother for turning him in.
Adolf Dassler & Rudolf Dassler"The dirty bastards are back again," Adolf said, apparently referring to the Allied bombs. But Rudolf didn’t hear it that way. He was convinced his brother was referring to him and his family. In 1948, Rudolf took his company across the river for good.
Adolf called his company Adidas, a combination of his first and last name. Rudolf called his Ruda before changing it to Puma.
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


















