Word: adidases
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The French gave the world the word entrepreneur, but they have not given it many entrepreneurs. Most French businessmen still look to the government for cues and favors rather than trying to make quick profits on their own. Bernard Tapie, 47, is one of a new breed who is changing...
Adidas, which had sales last year of $2.8 billion, is one of the most famous trademarks in the world. A recent study showed that in the Soviet Union it was the second most recognized brand after Sony, and Adidas equipped 15 of the 24 teams competing at this month's...
Tapie made his first million dollars by the age of 39, and in 1985 Groupe Tapie had revenues of $1 billion. By the following year, it was operating 116 factories in 28 countries. Recently, though, he has been selling assets and trimmed sales to $180 million. If Tapie succeeds in...
The day after news of the Adidas offer broke, the Paris stock exchange halted trading in his company's shares as doubts spread that Tapie could muster the backing from French banks to finance the takeover. At the time he was aboard his 90-ft. yacht in the Mediterranean, but...
Junior Tracy Hackeling was named to the Adidas Scholar-Athlete Soccer All-America Second Team, yesterday.