Adidas is a multinational corporation , founded and headquartered in Herzogenaurach , Germany , that designs and manufactures shoes, clothing and accessories. It is the largest sportswear manufacturer in Europe, and the second largest in the world, after Nike . [3] [4] It is the holding company for the Adidas Group, which consists of the Reebok sportswear company, TaylorMade golf company (including Ashworth ), 8.33% of the German football club Bayern Munich , and Runtastic , an Austrian fitness technology company. Adidas' revenue for 2018 was listed at €21.915 billion. [2] The company was started by Adolf Dassler in his mother's house; he was joined by his elder brother Rudolf in 1924 under the name Dassler Brothers Shoe Factory. Dassler assisted in the development of spiked running shoes ( spikes ) for multiple athletic events. To e...