• Most Popular
  • Most Shared

Adidas - football world cup to boost S.Africa sales

Wed Jun 10, 2009 9:35am 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

U.S. health bill passes crucial Senate test

WASHINGTON (Reuters) - A broad healthcare overhaul passed its first crucial test in the U.S. Senate on Monday, with 60 Democrats voting to put President Barack Obama's top legislative priority on a path to passage by Christmas. | Video

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article