Adidas Group news and archive

Adidas acquires fitness app Runtastic for 220 million euros

London - German athletic company, Adidas Group, has bolstered its reach with its acquisition of the fitness app Runtastic. The transaction, which was signed and closed on Wednesday, values Runtastic at 220 million euros (155 million pounds). The new acquisition is said to be part of the group's strategic business plan 'Creating the New' and...

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Adidas FY14 sales rise

Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 million dollars. In its financial update, the company...