Adbrands Weekly Update 23rd Oct 2014:
A group of Asian and Middle Eastern investors is proposing to buy the struggling Reebok sportswear brand from current owner Adidas. The acquisition of Reebok in 2005 was designed to enhance Adidas's position in the US market by creating a stronger combined competitor to Nike.
However, if anything, the reverse has been true, with Adidas and Reebok falling ever further behind. According to industry watcher SportsOne Source, Nike's share of the US athletic footwear market has soared since 2005 from 35% to 60%. Meanwhile, Reebok has withered from 10% to under 2% and Adidas
from 10% to 6%. The E1.7bn offer to acquire Reebok is being led by the billionaire Low family of Hong Kong, with support from funds associated with the Abu Dhabi government.
Adbrands Weekly Update 17th Jul 2014:
Adidas was quick to scoop up the contract to become the new kit supplier to Manchester United, following Nike's decision last week to surrender the business when its current term expires in 2015. Nike said the significantly higher price demanded by the club for renewal didn't
represent good value. Yet despite Man U's dismal performance on the pitch last year, Adidas has agreed to pay £750m for a ten-year partnership. That's more than three times the £23.5m per year Nike currently pays, and over double what Adidas already pays for a similar partnership
with Real Madrid. This latest deal represents another financial triumph for Manchester United, following its seven-year $559m deal with Chevrolet and $240m from insurer Aon to sponsor its training kit and ground.
Adbrands Weekly Update 12th Jun 2014: Ads Of The Week: "House Match". TBWA\ChiatDay follow up Leo Messi's dream with another likeable spot in which star players get to behave like real people. In fact, of course, footballers really do all sit around
with each other all day playing video games. (When they're not making ads, that is). What happens next in this spot is, we feel, rather less common. Victoria is going to be seriously p*ssed off when she gets home.
Adbrands Weekly Update
29th May 2014: Ads Of The Week "The Dream". Only two weeks to go
now, and here comes the first big blast from official World Cup sponsor Adidas,
featuring all its key endorsement partners, including Mr Ubiquitous Leo Messi. TBWA\ChiatDay
in Los Angeles developed the spot, proving that Americans do understand
"soccer" after all, and it's helmed by Brazilian director Fernando
Mereilles, best known for the extraordinary City Of God movie. We're relieved to
see that Messi still dreams about football and not about sponsorship
contracts - oh hang on, they're one and the same here. Great editing
anyway, and a nice job of building the tension for kick-off.
Adbrands Weekly Update 24th Apr 2014:
Adidas named Mark King as president of its North America division, overseeing the Adidas and Reebok brands. He takes over from Patrik Nilsson, who is returning to his native Sweden as CEO of premium fashion brand Gant.