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February 5, 2014
05:59 EDTADDYY, UAAdidas sues Under Armour over alleged patent infringement, Reuters reports
Adidas (ADDYY) has sued Under Armour (UA) in a U.S. court over alleged infringement of patents that relate to fitness training and tracker devices, products sold by MapMyFitness which Under Armour bought for $150M in November, reports Reuters. Reference Link
News For UA;ADDYY From The Last 14 Days
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May 19, 2015
07:27 EDTADDYYSkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link
May 14, 2015
06:38 EDTADDYYadidas sees India among top five markets by 2020, Times of India says
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May 12, 2015
08:28 EDTADDYYadidas CEO says no approach made on large stake or takeover, Reuters says
Despite a Manager Magazin report last September that activist investors were considering taking a stake in adidas and pushing for change, CEO Herbert Hainer told journalists that "nobody has approached us because they want to buy the company or buy a large number of shares," according to Reuters. Adidas' CEO defended the hiring of Perella Weinberg Partners as advisers to help fend off any potential hostile bids, stating that the company "just [wants] to make sure that anybody who invests has the right intentions," the report added. Reference Link

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