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
Link: http://money.cnn.com/video/news/2016/05/05/adidas-ceo-golf.cnnmoney/
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?
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