Herbert Hainer

Following the severe criticism of the Jabulani at the 2010 World Cup, Adidas has unveiled a completely redesigned ball for next summer’s European Championship in Poland and Ukraine. The Tango 12, based on the classic design used during both the World Cup and European tournaments during the early 1980s, has “more stability than any other ball”, according to Adidas chief executive Herbert Hainer. “We take every criticism seriously. We are developing the ball and the product we have. We have...Read Full Story

Nov. 3 (Bloomberg) -- Adidas AG Chief Executive Officer Herbert Hainer talks about the outlook for earnings in 2012 and expansion in emerging markets. The world’s second-largest sporting-goods maker today reported third-quarter profit that beat analysts’ estimates. Hainer speaks from Herzogenaurach, Germany, with Bloomberg's Caroline Hyde.Read Full Story

LONDON/ FRANKFURT ( Reuters ) - Some of Europe 's biggest consumer goods groups defied high input costs and tepid demand to report higher sales. Unilever , Adidas and Beiersdorf raised prices, saw strong demand in China and benefited from a warm spring in Europe. With an array of top brands like Lipton, Knorr and Dove, Unilever <ULVR.L> <UNc.AS> was able to push its prices higher, Adidas <ADSGn.DE> saw its second-quarter Chinese sales rise 41 percent and Beiersdorf <BEIG.DE> enticed consumers...Read Full Story

Nike may be tooting its horn about the brand awareness buzz it's stirring up as part of the World Cup, but Adidas has just fired back in the war of words with some hard figures: Its sales will near $2 billion from football in 2010 alone.  Adidas CEO Herbert Hainer couldn't be more direct: "After the first ten days it is already clear that this World Cup will be a great success for Adidas. We will not only achieve our ambitious goals in football, we will over-achieve them." And though Nielsen...Read Full Story

The world's second biggest sports equipment and clothing maker, Adidas, raised its earnings per share outlook on Wednesday after a stong second quarter thanks to the 2010 World Cup in South Africa. The Bavarian-based group that also owns the US brand Reebok had already said football-related sales should reach 1.5 billion euros (1.98 billion dollars) in 2010, which meant overall profit should rise. "We had an outstanding first half year driven by the FIFA World Cup 2010 and the resurgence of...Read Full Story