Description: Herbert Hainer, Adidas CEO, says the company plans to sell off its TaylorMade and Adams brands and will focus on its footwear and apparel business.
Source: CNNMoney.com – video report
Date: May 05, 2016
Questions for Discussions:
- From a financial standpoint, why would Adidas divest from these firms?
- Why would it continue to focus on footwear?
- What do these decisions say about the industry?