• Most Popular
  • Most Shared

Adidas - football world cup to boost S.Africa sales

Wed Jun 10, 2009 9:34am EDT

Stocks

   

HERZOGENAURACH, Germany, June 10 (Reuters) - The world's second-largest sports goods maker Adidas (ADSG.DE) expects sales in South Africa to grow at a double-digit rate in the years to come thanks to the football world cup in the country next year.

"We are well positioned to further extend our market leadership in football again next year," Adidas Chief Executive Herbert Hainer said in a statement on Wednesday.

Adidas equips national fotball teams of for example Germany, Argentina and Spain as well as clubs like AC Milan, Chelsea FC and Bayern Munich.

(Reporting by Eva Kuehnen)



More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

Emmanuel Roy, a suspect in a mortgage-fraud scheme is escorted by FBI agents after being taken into custody in New York, October 15, 2009. REUTERS/Brendan McDermid

Sowing seeds of corruption

Corruption, whether it's crooked officials, financial fraudsters or philandering sports stars, is the country's No. 1 criminal threat, says the FBI.  Full Article 

Space shuttle Atlantis lifts off from launch pad 39A at the Kennedy Space Center in Cape Canaveral, Florida November 16, 2009. Atlantis lifted off its seaside launch pad on Monday, loaded with spare parts to keep the International Space Station flying after the shuttles are retired next year. REUTERS/Scott Audette

Can Florida re-launch itself?

The sunshine state's space program is a boon for local businesses, especially when a shuttle takes off. But what happens when the 29-year old program comes to a close next year?  Full Article