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On Oct 13, 2008, TaylorMade (an Adidas subsidiary by then) agreed to acquire Ashworth for $72.8M, including $46.3M in debt, giving the transaction a value of $26.5M to shareholders. [12] In May 2017, it was announced that Adidas sold its golf brands to KPS Capital Partners. [13] On September 9, 2019, Ashworth was acquired by YGM Trading Limited ...
Adidas introduced the tracksuit that combined the sweatpants with a track top in 1964, which helped popularize athletic fashion. [4] The rise of fitness culture , as well as the birth of hip hop in 1980s America, led to the popularization of sweatpants as both leisurewear and streetwear .
In 1986, Run DMC released the song My Adidas, with a music video featuring the group prominently wearing Adidas tracksuits, further associating tracksuits with hip-hop. [5] The trend of wearing athletic clothing continued into the early 1980s. Tracksuits were eventually replaced by shellsuits, which were made out of nylon, in the late 1980s.
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Adidas manufactures a range of clothing items, varying from men's and women's t-shirts, jackets, hoodies, pants and leggings. [ 54 ] The first Adidas item of apparel was the Franz Beckenbauer tracksuit created in 1967. [ 1 ]
In 2001, Notre Dame signed a five-year exclusive agreement with Adidas, which ended a partnership Champion had with the university that spanned over 50 years. [8] In June 2024, Hanesbrands announced plans to sell the Champion brand to Authentic Brands for $1.2 billion. [9] On October 1, it was announced that the transaction had been completed. [10]
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