CINXE.COM
Adidas (ADDYY): Company Profile, Stock Price, News, Rankings | Fortune
<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><title>Adidas (ADDYY): Company Profile, Stock Price, News, Rankings | Fortune</title><meta name="msapplication-TileColor" content="#ffc40d"/><meta name="theme-color" content="#FFFFFF"/><meta name="description" content=""/><meta name="keywords" content=""/><meta property="og:url" content="https://fortune.com/company/adidas/"/><meta property="og:type" content="article"/><meta property="og:title" content="Adidas"/><meta property="og:description" content=""/><meta property="og:site_name" content="Fortune"/><meta property="og:image" content="https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg"/><meta property="og:width" content="1024"/><meta property="og:height" content="683"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:title" content="Adidas"/><meta name="twitter:description" content=""/><meta name="twitter:image" content="https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg"/><meta name="twitter:url" content="https://fortune.com/company/adidas/"/><meta property="fb:pages" content="56501027948"/><meta name="robots" content=""/><link rel="preconnect" href="https://www.google-analytics.com" crossorigin=""/><link rel="preconnect" href="https://www.googletagservices.com" crossorigin=""/><link rel="preconnect" href="https://ad.doubleclick.net" crossorigin=""/><link rel="preconnect" href="https://static.doubleclick.net" crossorigin=""/><link rel="preconnect" href="https://securepubads.g.doubleclick.net" crossorigin=""/><link rel="icon" href="/icons/favicons/favicon.ico"/><link rel="canonical" href="https://fortune.com/company/adidas/"/><script id="json-schema" type="application/ld+json">{"@type":"NewsArticle","@context":["https://schema.org"],"publisher":{"@type":"NewsMediaOrganization","logo":{"@type":"ImageObject","url":"https://fortune.com/static/media/logo.png"},"name":"Fortune"},"headline":"Adidas","url":"https://fortune.com/company/adidas/","mainEntityOfPage":"https://fortune.com/company/adidas/","dateModified":"2023-12-17 19:11:07-00:00","datePublished":"2023-12-17 19:11:07-00:00","identifier":2139,"thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","image":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","author":[],"articleSection":"Uncategorized","description":null,"isAccessibleForFree":false,"hasPart":{"@type":"WebPageElement","cssSelector":".franchise-content","isAccessibleForFree":"False"}}</script><script>window.dataLayer = window.dataLayer || []</script><link rel="preconnect" href="https://dev.visualwebsiteoptimizer.com"/><link rel="dns-prefetch" href="https://c.amazon-adsystem.com"/><link rel="preconnect" href="https://c.amazon-adsystem.com" crossorigin=""/><script async="" src="https://c.amazon-adsystem.com/aax2/apstag.js"></script><meta name="next-head-count" content="35"/><link rel="preload" href="/_next/static/media/a63f776f9c0a0ec4-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/53119eeb5d808e5d-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/f349898cee58fa09-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/b0f60f2bca7964f3-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/3de697d86e4445fe-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/c8771b905e084254-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/3a9e61bb4610dfff-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/ca1c7ba84c002e81-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/dfa93b9e43b68220-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><link rel="preload" href="/_next/static/media/1b1fe1d93189867c-s.p.woff2" as="font" type="font/woff2" crossorigin="anonymous" data-next-font="size-adjust"/><script id="vwoCode" async="" data-nscript="beforeInteractive">window._vwo_code || (function () { var account_id = 889363, version = 2.1, settings_tolerance = 2000, hide_element = '', hide_element_style = 'opacity:0 !important;filter:alpha(opacity=0) !important;background:none !important;transition:none !important;', /* DO NOT EDIT BELOW THIS LINE */ f = false, w = window, d = document, v = d.querySelector('#vwoCode'), cK = '_vwo_' + account_id + '_settings', cc = {}; try { var c = JSON.parse(localStorage.getItem('_vwo_' + account_id + '_config')); cc = c && typeof c === 'object' ? c : {} } catch (e) { } var stT = cc.stT === 'session' ? w.sessionStorage : w.localStorage; code = { nonce: v && v.nonce, use_existing_jquery: function () { return typeof use_existing_jquery !== 'undefined' ? use_existing_jquery : undefined }, library_tolerance: function () { return typeof library_tolerance !== 'undefined' ? library_tolerance : undefined }, settings_tolerance: function () { return cc.sT || settings_tolerance }, hide_element_style: function () { return '{' + (cc.hES || hide_element_style) + '}' }, hide_element: function () { if (performance.getEntriesByName('first-contentful-paint')[0]) { return '' } return typeof cc.hE === 'string' ? cc.hE : hide_element }, getVersion: function () { return version }, finish: function (e) { if (!f) { f = true; var t = d.getElementById('_vis_opt_path_hides'); if (t) t.parentNode.removeChild(t); if (e) (new Image).src = 'https://dev.visualwebsiteoptimizer.com/ee.gif?a=' + account_id + e } }, finished: function () { return f }, addScript: function (e) { var t = d.createElement('script'); t.type = 'text/javascript'; if (e.src) { t.src = e.src } else { t.text = e.text } v && t.setAttribute('nonce', v.nonce); d.getElementsByTagName('head')[0].appendChild(t) }, load: function (e, t) { var n = this.getSettings(), i = d.createElement('script'), r = this; t = t || {}; if (n) { i.textContent = n; d.getElementsByTagName('head')[0].appendChild(i); if (!w.VWO || VWO.caE) { stT.removeItem(cK); r.load(e) } } else { var o = new XMLHttpRequest; o.open('GET', e, true); o.withCredentials = !t.dSC; o.responseType = t.responseType || 'text'; o.onload = function () { if (t.onloadCb) { return t.onloadCb(o, e) } if (o.status === 200 || o.status === 304) { _vwo_code.addScript({ text: o.responseText }) } else { _vwo_code.finish('&e=loading_failure:' + e) } }; o.onerror = function () { if (t.onerrorCb) { return t.onerrorCb(e) } _vwo_code.finish('&e=loading_failure:' + e) }; o.send() } }, getSettings: function () { try { var e = stT.getItem(cK); if (!e) { return } e = JSON.parse(e); if (Date.now() > e.e) { stT.removeItem(cK); return } return e.s } catch (e) { return } }, init: function () { if (d.URL.indexOf('__vwo_disable__') > -1) return; var e = this.settings_tolerance(); w._vwo_settings_timer = setTimeout(function () { _vwo_code.finish(); stT.removeItem(cK) }, e); var t; if (this.hide_element() !== 'body') { t = d.createElement('style'); var n = this.hide_element(), i = n ? n + this.hide_element_style() : '', r = d.getElementsByTagName('head')[0]; t.setAttribute('id', '_vis_opt_path_hides'); v && t.setAttribute('nonce', v.nonce); t.setAttribute('type', 'text/css'); if (t.styleSheet) t.styleSheet.cssText = i; else t.appendChild(d.createTextNode(i)); r.appendChild(t) } else { t = d.getElementsByTagName('head')[0]; var i = d.createElement('div'); i.style.cssText = 'z-index: 2147483647 !important;position: fixed !important;left: 0 !important;top: 0 !important;width: 100% !important;height: 100% !important;background: white !important;display: block !important;'; i.setAttribute('id', '_vis_opt_path_hides'); i.classList.add('_vis_hide_layer'); t.parentNode.insertBefore(i, t.nextSibling) } var o = window._vis_opt_url || d.URL, s = 'https://dev.visualwebsiteoptimizer.com/j.php?a=' + account_id + '&u=' + encodeURIComponent(o) + '&vn=' + version; if (w.location.search.indexOf('_vwo_xhr') !== -1) { this.addScript({ src: s }) } else { this.load(s + '&x=true') } } }; w._vwo_code = code; code.init(); })(); </script><link rel="preload" href="/_next/static/css/0a172b79161e2285.css" as="style"/><link rel="stylesheet" href="/_next/static/css/0a172b79161e2285.css" data-n-g=""/><noscript data-n-css=""></noscript><script defer="" nomodule="" src="/_next/static/chunks/polyfills-c67a75d1b6f99dc8.js"></script><script defer="" src="/_next/static/chunks/9508.705cfd6b00881fe2.js"></script><script defer="" src="/_next/static/chunks/6125.1027bbbb0d4d6093.js"></script><script defer="" src="/_next/static/chunks/8859.c3f6fa0c6156f772.js"></script><script defer="" src="/_next/static/chunks/8392.defa931f9c53c13a.js"></script><script defer="" src="/_next/static/chunks/6650.83127625fc18b05f.js"></script><script src="/_next/static/chunks/webpack-3171b237ef867f70.js" defer=""></script><script src="/_next/static/chunks/framework-295dec0b014b6772.js" defer=""></script><script src="/_next/static/chunks/main-e82d932976fcf5cd.js" defer=""></script><script src="/_next/static/chunks/pages/_app-39ce9ee1e5db187a.js" defer=""></script><script src="/_next/static/chunks/pages/company/%5Bslug%5D-0879d852e7bed794.js" defer=""></script><script src="/_next/static/OhrSATThXOBjUgFl3Uiu2/_buildManifest.js" defer=""></script><script src="/_next/static/OhrSATThXOBjUgFl3Uiu2/_ssgManifest.js" defer=""></script><style data-styled="" data-styled-version="6.1.15">.jylYni{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;gap:4px;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-weight:600;text-align:center;line-height:150%;letter-spacing:0.5px;box-sizing:border-box;color:#111111;background-color:transparent;border:1px solid transparent;line-height:120%;position:relative;font-size:16px;text-transform:none;}/*!sc*/ .jylYni::after{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(-45deg);-moz-transform:rotate(-45deg);-ms-transform:rotate(-45deg);transform:rotate(-45deg);-webkit-transform:rotate(-45deg);margin-bottom:1px;margin-right:2px;margin-top:3px;width:9px;height:9px;}/*!sc*/ .jylYni:hover,.jylYni:focus{color:#007B9D;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .jylYni:hover::after,.jylYni:focus::after,.jylYni:hover::before,.jylYni:focus::before{border-color:#007B9D;}/*!sc*/ .jylYni:focus{border:1px solid #007B9D;box-shadow:none;outline:none;}/*!sc*/ .jylYni:active{box-shadow:none;border:1px solid transparent;color:#666666;outline:none;}/*!sc*/ .jylYni:active::after,.jylYni:active::before{border-color:#666666;}/*!sc*/ .jylYni::after,.jylYni::before{border-color:#111111;}/*!sc*/ .jylYni:disabled{color:#666666;box-shadow:none;border:1px solid transparent;cursor:not-allowed;}/*!sc*/ .jylYni:disabled:hover,.jylYni:disabled:focus,.jylYni:disabled:active{color:#666666;border:1px solid transparent;box-shadow:none;-webkit-text-decoration:none;text-decoration:none;outline:none;}/*!sc*/ .jylYni:disabled:hover::after,.jylYni:disabled:focus::after,.jylYni:disabled:active::after{border-color:#666666;}/*!sc*/ .jylYni:disabled::after{border-color:#666666;}/*!sc*/ .jylYni::after{display:none;}/*!sc*/ .jylYni:hover::after,.jylYni:focus::after,.jylYni:active::after{display:none;}/*!sc*/ data-styled.g1[id="sc-d9a6b3c5-0"]{content:"jylYni,"}/*!sc*/ .kspHIT{cursor:pointer;-webkit-text-decoration:none;text-decoration:none;font-family:inherit;color:#111111;}/*!sc*/ .kspHIT.link{background-color:transparent;border:0;}/*!sc*/ .kspHIT:hover,.kspHIT:hover>*:not(.no-hover),.kspHIT:focus,.kspHIT:focus>*:not(.no-focus){color:#007B9D;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .kspHIT:active,.kspHIT:active>*:not(.no-active){color:#666666;}/*!sc*/ .dlLwcj{cursor:pointer;-webkit-text-decoration:none;text-decoration:none;font-family:inherit;color:#111111;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;text-transform:uppercase;letter-spacing:0.5px;}/*!sc*/ .dlLwcj.link{background-color:transparent;border:0;}/*!sc*/ .hCpVMN{cursor:pointer;-webkit-text-decoration:none;text-decoration:none;font-family:inherit;color:#007B9D;}/*!sc*/ .hCpVMN.link{background-color:transparent;border:0;}/*!sc*/ .hCpVMN:hover,.hCpVMN:hover>*:not(.no-hover){-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .hCpVMN:active,.hCpVMN:focus,.hCpVMN:active>*:not(.no-active),.hCpVMN:focus>*:not(.no-focus){-webkit-text-decoration:none;text-decoration:none;color:#666666;}/*!sc*/ data-styled.g2[id="sc-19cc8fd2-0"]{content:"kspHIT,dlLwcj,hCpVMN,"}/*!sc*/ .iknoDJ{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;margin-bottom:24px;-webkit-order:1;-ms-flex-order:1;order:1;}/*!sc*/ .iknoDJ >ul{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}/*!sc*/ @media (min-width: 48rem){.iknoDJ >ul{-webkit-align-items:start;-webkit-box-align:start;-ms-flex-align:start;align-items:start;}}/*!sc*/ @media (min-width: 90rem){.iknoDJ{-webkit-order:2;-ms-flex-order:2;order:2;margin-left:8px;}}/*!sc*/ data-styled.g3[id="sc-939609ec-0"]{content:"iknoDJ,"}/*!sc*/ .esXRgm{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}/*!sc*/ .esXRgm a{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:32px;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;width:32px;border:1px solid #111111;border-radius:50%;margin-right:4px;}/*!sc*/ .esXRgm a svg{width:12px;fill:#111111;}/*!sc*/ .esXRgm a:hover{border-color:#007B9D;}/*!sc*/ .esXRgm a:hover svg{fill:#007B9D;}/*!sc*/ .esXRgm a:active,.esXRgm a:focus{border-color:#666666;}/*!sc*/ .esXRgm a:active svg,.esXRgm a:focus svg{fill:#666666;}/*!sc*/ data-styled.g4[id="sc-939609ec-1"]{content:"esXRgm,"}/*!sc*/ .gAykSk{position:relative;}/*!sc*/ data-styled.g26[id="sc-bb881aaa-0"]{content:"gAykSk,"}/*!sc*/ .bJdemX{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;position:relative;width:100%;background:#FFFFFF;padding:8px 0 8px 16px;border:1px solid #666666;line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:1rem;height:40px;padding:8px 16px;}/*!sc*/ .bJdemX[aria-expanded="true"]{font-weight:600;}/*!sc*/ .bJdemX.has-placeholder{color:#666666;font-weight:normal;}/*!sc*/ .bJdemX::after{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(45deg);-moz-transform:rotate(45deg);-ms-transform:rotate(45deg);transform:rotate(45deg);-webkit-transform:rotate(45deg);margin-bottom:2.5px;border-width:0 2px 2px 0;padding:4.5px;border-color:#111111;position:absolute;margin-bottom:5px;right:16px;}/*!sc*/ .bJdemX span{padding-right:16px;overflow:hidden;text-overflow:ellipsis;white-space:nowrap;}/*!sc*/ .bJdemX:disabled{border:1px solid #D1D1D6;cursor:default;}/*!sc*/ .bJdemX:disabled::before{border-color:#D1D1D6;}/*!sc*/ .bJdemX[aria-expanded="true"]{border:2px solid #111111;border-bottom:none;}/*!sc*/ .bJdemX[aria-expanded="true"]:hover,.bJdemX[aria-expanded="true"]:focus-visible,.bJdemX[aria-expanded="true"]:focus{border-bottom:none;}/*!sc*/ .bJdemX.error:not([aria-expanded="true"]){border-color:#E4121A;}/*!sc*/ .bJdemX[aria-expanded="false"]:not(:disabled):hover{border:1px solid #007B9D;}/*!sc*/ .bJdemX:focus-visible:not([aria-expanded="true"]),.bJdemX:focus:not([aria-expanded="true"]){box-shadow:0 0 5px 0 #007B9D;outline:none;}/*!sc*/ data-styled.g28[id="sc-bb881aaa-2"]{content:"bJdemX,"}/*!sc*/ .jgrvkj{background:#FFFFFF;position:absolute;left:0;right:0;max-height:250px;overflow-y:auto;opacity:0;-webkit-transform:scale(1,0);-moz-transform:scale(1,0);-ms-transform:scale(1,0);transform:scale(1,0);transform-origin:top left;pointer-events:none;z-index:2;border:0 2px 2px 2px solid #111111;}/*!sc*/ .jgrvkj.active{opacity:1;-webkit-transform:scale(1,1);-moz-transform:scale(1,1);-ms-transform:scale(1,1);transform:scale(1,1);pointer-events:auto;border-width:0 2px 2px 2px;border-color:#111111;border-style:solid;margin:0;z-index:6;}/*!sc*/ data-styled.g29[id="sc-bb881aaa-3"]{content:"jgrvkj,"}/*!sc*/ .bycthP{padding:8px 8px 8px 16px;line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:1rem;cursor:pointer;background:#DAF1F6;}/*!sc*/ .bycthP:hover,.bycthP:focus,.bycthP:active{background:#F1F9FB;}/*!sc*/ .byezFR{padding:8px 8px 8px 16px;line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:1rem;cursor:pointer;background:#FFFFFF;}/*!sc*/ .byezFR:hover,.byezFR:focus,.byezFR:active{background:#F1F9FB;}/*!sc*/ data-styled.g30[id="sc-bb881aaa-4"]{content:"bycthP,byezFR,"}/*!sc*/ .iNxfKM{width:100%;overflow:auto;white-space:nowrap;-ms-overflow-style:none;scrollbar-width:none;scroll-behavior:smooth;}/*!sc*/ .iNxfKM::-webkit-scrollbar{display:none;}/*!sc*/ data-styled.g33[id="sc-2634ecbe-0"]{content:"iNxfKM,"}/*!sc*/ .gSvRYe{position:absolute;width:40px;height:20px;border-color:#111111;}/*!sc*/ .gSvRYe:hover{border-color:#007B9D;}/*!sc*/ .gSvRYe:focus,.gSvRYe:active{border-color:#666666;}/*!sc*/ .gSvRYe.next{background-image:linear-gradient(to left, #FEFEFE 70%, rgba(255, 255, 255, 0.4) 100%);right:-13px;}/*!sc*/ .gSvRYe.next .arrow{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(-45deg);-moz-transform:rotate(-45deg);-ms-transform:rotate(-45deg);transform:rotate(-45deg);-webkit-transform:rotate(-45deg);margin-bottom:1px;margin-right:2px;margin-top:3px;width:11.5px;height:11.5px;border-width:0 2px 2px 0;}/*!sc*/ .gSvRYe.next.hide{display:none;}/*!sc*/ .gSvRYe.prev{background-image:linear-gradient(to right, #FEFEFE 70%, rgba(255, 255, 255, 0.4) 100%);z-index:2;left:-11px;}/*!sc*/ .gSvRYe.prev .arrow{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(135deg);-moz-transform:rotate(135deg);-ms-transform:rotate(135deg);transform:rotate(135deg);-webkit-transform:rotate(135deg);margin-bottom:2px;margin-top:3px;width:11.5px;height:11.5px;border-width:0 2px 2px 0;}/*!sc*/ .gSvRYe.prev.hide{display:none;}/*!sc*/ .gSvRYe.disabled{visibility:hidden;}/*!sc*/ data-styled.g34[id="sc-2634ecbe-1"]{content:"gSvRYe,"}/*!sc*/ .cWQGEF{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;overflow:hidden;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;position:relative;}/*!sc*/ data-styled.g35[id="sc-2634ecbe-2"]{content:"cWQGEF,"}/*!sc*/ .keeVQb{display:inline-block;height:38px;padding:8px 24px;line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:1rem;text-transform:uppercase;}/*!sc*/ .keeVQb[aria-selected="true"]{pointer-events:none;}/*!sc*/ data-styled.g37[id="sc-2634ecbe-4"]{content:"keeVQb,"}/*!sc*/ .enAlkS{-ms-grid-column:1;-ms-grid-column-span:2;grid-column:1/3;}/*!sc*/ data-styled.g38[id="sc-2634ecbe-5"]{content:"enAlkS,"}/*!sc*/ .dJBlJR{height:auto;padding-top:24px;}/*!sc*/ .dJBlJR.is-hidden{visibility:hidden;height:0;padding-top:0;}/*!sc*/ data-styled.g39[id="sc-2634ecbe-6"]{content:"dJBlJR,"}/*!sc*/ .JwjWS>.dropdown-controls{display:none;}/*!sc*/ .JwjWS .sc-2634ecbe-0,.JwjWS .sc-2634ecbe-3{border-bottom:1px solid #D1D1D6;}/*!sc*/ .JwjWS .sc-2634ecbe-4{font-weight:600;}/*!sc*/ .JwjWS .sc-2634ecbe-4:hover{color:#007B9D;}/*!sc*/ .JwjWS .sc-2634ecbe-4[aria-selected="true"]{color:#007B9D;border:none;border-bottom:1px solid #007B9D;}/*!sc*/ data-styled.g40[id="sc-2634ecbe-7"]{content:"JwjWS,"}/*!sc*/ .VSjGq{border-top:1px solid #D1D1D6;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:12px;letter-spacing:0.5px;line-height:12px;margin:var(--Footer-Margin) auto auto;max-width:90rem;}/*!sc*/ @media (min-width: 48rem){.VSjGq{margin:var(--Footer-Margin) -24px auto;width:calc(100% + 48px);}}/*!sc*/ @media (min-width: 80rem){.VSjGq{margin:var(--Footer-Margin) -48px auto;width:calc(100% + 96px);}}/*!sc*/ data-styled.g48[id="sc-f19f6d8d-0"]{content:"VSjGq,"}/*!sc*/ .lmdIU{padding:16px;display:-ms-grid;display:grid;-ms-grid-columns:repeat(1, auto);grid-template-columns:repeat(1, auto);}/*!sc*/ @media (min-width: 48rem){.lmdIU{gap:16px;-ms-grid-columns:repeat(3, auto);grid-template-columns:repeat(3, auto);padding:24px;}}/*!sc*/ @media (min-width: 90rem){.lmdIU{padding:24px 48px;}}/*!sc*/ data-styled.g49[id="sc-f19f6d8d-1"]{content:"lmdIU,"}/*!sc*/ .dybSZs{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}/*!sc*/ data-styled.g50[id="sc-f19f6d8d-2"]{content:"dybSZs,"}/*!sc*/ .hIkNXl{border-bottom:1px solid #D1D1D6;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:16px;padding:16px 0;}/*!sc*/ .hIkNXl:last-child{border-bottom:0;}/*!sc*/ @media (min-width: 48rem){.hIkNXl{padding:0;border-bottom:0;border-right:1px solid #D1D1D6;}.hIkNXl:nth-child(1){-ms-grid-column-span:2;grid-column-end:2;}.hIkNXl:nth-child(1),.hIkNXl:nth-child(2){-ms-grid-column:span 2;grid-column-start:span 2;}.hIkNXl:nth-child(3),.hIkNXl:nth-child(4),.hIkNXl:nth-child(5){-ms-grid-row:2;grid-row:2;}.hIkNXl:last-child,.hIkNXl:nth-child(2){border-right:0;}}/*!sc*/ @media (min-width: 90rem){.hIkNXl:nth-child(1),.hIkNXl:nth-child(2),.hIkNXl:nth-child(3),.hIkNXl:nth-child(4),.hIkNXl:nth-child(5){-ms-grid-row:1;grid-row:1;}.hIkNXl:nth-child(2){border-right:1px solid #D1D1D6;padding-right:16px;-ms-grid-column:span 4;grid-column-start:span 4;}}/*!sc*/ .hIkNXl.sections .sc-f19f6d8d-2{display:-ms-grid;display:grid;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;-ms-grid-columns:repeat(3, auto);grid-template-columns:repeat(3, auto);-ms-grid-rows:repeat(2, auto);grid-template-rows:repeat(2, auto);-webkit-align-items:flex-start;-webkit-box-align:flex-start;-ms-flex-align:flex-start;align-items:flex-start;}/*!sc*/ @media (min-width: 48rem){.hIkNXl.sections .sc-f19f6d8d-2{-ms-grid-columns:repeat(5, 20%);grid-template-columns:repeat(5, 20%);}}/*!sc*/ @media (min-width: 64rem){.hIkNXl.sections .sc-f19f6d8d-2{-ms-grid-columns:repeat(5, auto);grid-template-columns:repeat(5, auto);}}/*!sc*/ .hIkNXl.rankings .sc-f19f6d8d-2{display:-ms-grid;display:grid;-ms-grid-columns:repeat(2, 50%);grid-template-columns:repeat(2, 50%);-ms-grid-rows:1fr;grid-template-rows:1fr;}/*!sc*/ @media (min-width: 48rem){.hIkNXl.rankings .sc-f19f6d8d-2{-ms-grid-columns:repeat(2, auto);grid-template-columns:repeat(2, auto);}}/*!sc*/ data-styled.g51[id="sc-f19f6d8d-3"]{content:"hIkNXl,"}/*!sc*/ .hZBwau{color:#E4121A;font-size:16px;font-weight:500;letter-spacing:1px;line-height:24px;}/*!sc*/ @media (min-width: 48rem){.hZBwau{margin-top:0px;margin-bottom:0px;}}/*!sc*/ data-styled.g52[id="sc-f19f6d8d-4"]{content:"hZBwau,"}/*!sc*/ .cEViLJ{border-bottom:1px solid #D1D1D6;border-top:1px solid #D1D1D6;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;padding:24px 16px;}/*!sc*/ @media (min-width: 48rem){.cEViLJ{padding:24px;}}/*!sc*/ @media (min-width: 90rem){.cEViLJ{-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;padding:24px 48px;}}/*!sc*/ data-styled.g53[id="sc-f19f6d8d-5"]{content:"cEViLJ,"}/*!sc*/ .dWumMM{color:#666666;font-size:12px;font-weight:400;letter-spacing:1px;line-height:18px;-webkit-order:2;-ms-flex-order:2;order:2;}/*!sc*/ .dWumMM a{color:#007B9D;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .dWumMM a:hover,.dWumMM a:hover>*:not(.no-hover),.dWumMM a:focus,.dWumMM a:focus>*:not(.no-focus){-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ .dWumMM a:active,.dWumMM a:active>*:not(.no-active){-webkit-text-decoration:underline;text-decoration:underline;color:#666666;}/*!sc*/ .dWumMM p{margin:0px;}/*!sc*/ @media (min-width: 90rem){.dWumMM{-webkit-order:1;-ms-flex-order:1;order:1;}}/*!sc*/ data-styled.g54[id="sc-f19f6d8d-6"]{content:"dWumMM,"}/*!sc*/ .fWvSQY{font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:12px;font-weight:500;line-height:16px;list-style:none;display:-ms-grid;display:grid;gap:16px;}/*!sc*/ data-styled.g55[id="sc-4ebe8201-0"]{content:"fWvSQY,"}/*!sc*/ @media (min-width: 48rem){.iZowab{white-space:nowrap;overflow:hidden;text-overflow:ellipsis;}}/*!sc*/ .iZowab >a{letter-spacing:1px;-webkit-text-decoration:none;text-decoration:none;}/*!sc*/ data-styled.g56[id="sc-4ebe8201-1"]{content:"iZowab,"}/*!sc*/ .cavswr.drawer-toggle{display:none;}/*!sc*/ .cavswr.drawer-toggle:checked~.drawer-menu{visibility:visible;left:0;overflow:hidden;}/*!sc*/ .cavswr.drawer-toggle:checked~.overlay{visibility:visible;opacity:0.5;}/*!sc*/ data-styled.g57[id="sc-25daf897-0"]{content:"cavswr,"}/*!sc*/ .iWXKXT.hamburger-toggle{display:block;width:30px;height:30px;cursor:pointer;margin-right:16px;position:relative;}/*!sc*/ @media (min-width: 64rem){.iWXKXT.hamburger-toggle{margin-right:24px;}}/*!sc*/ .iWXKXT.hamburger-toggle svg{-webkit-transition:all .2s ease-in-out;transition:all .2s ease-in-out;width:30px;height:30px;}/*!sc*/ .iWXKXT.hamburger-toggle:hover svg{fill:#666666;-webkit-transition:all .2s ease-in-out;transition:all .2s ease-in-out;}/*!sc*/ .iWXKXT.hamburger-toggle:focus svg,.iWXKXT.hamburger-toggle:active svg{fill:#666666;}/*!sc*/ .iWXKXT.close-menu{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:flex-start;-webkit-box-align:flex-start;-ms-flex-align:flex-start;align-items:flex-start;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;cursor:pointer;position:relative;width:27px;height:23px;}/*!sc*/ @media (min-width: 48rem){.iWXKXT.close-menu{height:40px;width:33px;}}/*!sc*/ .iWXKXT.close-menu:active:before,.iWXKXT.close-menu:focus:before,.iWXKXT.close-menu:focus-within:before,.iWXKXT.close-menu:active:after,.iWXKXT.close-menu:focus:after,.iWXKXT.close-menu:focus-within:after{background-color:#D1D1D6;}/*!sc*/ .iWXKXT.close-menu:hover:before,.iWXKXT.close-menu:hover:after{background-color:#007B9D;}/*!sc*/ .iWXKXT.close-menu::before{margin:auto;content:'';-webkit-mask:url("/icons/svg/close-icon.svg") no-repeat center center;mask:url("/icons/svg/close-icon.svg") no-repeat center center;display:block;background-color:#666666;width:18px;height:19px;-webkit-mask-size:18px 19px;mask-size:18px 19px;background-color:#111111;}/*!sc*/ @media (min-width: 48rem){.iWXKXT.close-menu::before{content:'';-webkit-mask:url("/icons/svg/close-icon.svg") no-repeat center center;mask:url("/icons/svg/close-icon.svg") no-repeat center center;display:block;background-color:#666666;width:23px;height:22px;-webkit-mask-size:23px 22px;mask-size:23px 22px;background-color:#111111;}}/*!sc*/ data-styled.g60[id="sc-25daf897-3"]{content:"iWXKXT,"}/*!sc*/ .iMBdxX{height:40px;width:200px;-webkit-animation:opacity 2.5s both;animation:opacity 2.5s both;background-color:#F2F2F2;background-image:linear-gradient( 90deg, #66666600 20%, #6666661A 50%, #66666600 80% );-webkit-background-size:600px;background-size:600px;-webkit-background-position:0 0;background-position:0 0;}/*!sc*/ @-webkit-keyframes opacity{0%{opacity:1;}50%{opacity:0;}100%{opacity:1;}}/*!sc*/ @keyframes opacity{0%{opacity:1;}50%{opacity:0;}100%{opacity:1;}}/*!sc*/ .dUIoEt{height:120px;max-width:280px;-webkit-animation:opacity 2.5s both;animation:opacity 2.5s both;background-color:#F2F2F2;background-image:linear-gradient( 90deg, #66666600 20%, #6666661A 50%, #66666600 80% );-webkit-background-size:600px;background-size:600px;-webkit-background-position:0 0;background-position:0 0;}/*!sc*/ @-webkit-keyframes opacity{0%{opacity:1;}50%{opacity:0;}100%{opacity:1;}}/*!sc*/ @keyframes opacity{0%{opacity:1;}50%{opacity:0;}100%{opacity:1;}}/*!sc*/ data-styled.g63[id="sc-7b315448-0"]{content:"iMBdxX,dUIoEt,"}/*!sc*/ .jpmrha{margin:0 auto;height:56px;display:-ms-grid;display:grid;-ms-grid-auto-flow:column;grid-auto-flow:column;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;padding:0;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-weight:600;border-bottom:1px solid #F2F2F2;}/*!sc*/ @media (min-width: 48rem){.jpmrha{padding:0 24px;}}/*!sc*/ @media (min-width: 64rem){.jpmrha{font-size:20px;line-height:24px;}}/*!sc*/ @media (min-width: 80rem){.jpmrha{max-width:1345px;padding:0 48px;}}/*!sc*/ @media (min-width: 90rem){.jpmrha{padding:unset;}}/*!sc*/ .jpmrha.own,.jpmrha.europe,.jpmrha.asia,.jpmrha.education,.jpmrha.recommends{-ms-grid-columns:1fr 140px 1fr;grid-template-columns:1fr 140px 1fr;}/*!sc*/ .jpmrha.crypto,.jpmrha.well{-ms-grid-columns:1fr 307px 1fr;grid-template-columns:1fr 307px 1fr;}/*!sc*/ data-styled.g74[id="sc-3213081d-0"]{content:"jpmrha,"}/*!sc*/ .kwSTEc{display:none;}/*!sc*/ @media (min-width: 48rem){.kwSTEc{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}}/*!sc*/ data-styled.g75[id="sc-3213081d-1"]{content:"kwSTEc,"}/*!sc*/ .diyYJC{display:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;cursor:pointer;}/*!sc*/ .diyYJC >label{color:#111111;font-size:20px;cursor:pointer;margin:auto;}/*!sc*/ .diyYJC >label:hover{color:#666666;}/*!sc*/ @media (min-width: 48rem){.diyYJC{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}}/*!sc*/ data-styled.g76[id="sc-3213081d-2"]{content:"diyYJC,"}/*!sc*/ .kbgTHx{text-align:center;display:none;}/*!sc*/ .kbgTHx svg{height:32px;}/*!sc*/ .kbgTHx .recommends-logo{width:380px;}/*!sc*/ @media (min-width: 48rem){.kbgTHx{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}}/*!sc*/ data-styled.g77[id="sc-3213081d-3"]{content:"kbgTHx,"}/*!sc*/ .dsMMkP{display:none;-ms-grid-column-align:end;justify-self:end;position:relative;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;min-height:24px;}/*!sc*/ @media (min-width: 48rem){.dsMMkP{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}}/*!sc*/ .dsMMkP .account-placeholder{position:absolute;margin:auto;top:0;bottom:0;right:0;}/*!sc*/ .dsMMkP .subscribe-link{text-transform:uppercase;max-height:38px;}/*!sc*/ @media (min-width: 48rem){.dsMMkP .subscribe-link{padding:8px 16px;margin-left:24px;}}/*!sc*/ @media (min-width: 64rem){.dsMMkP .subscribe-link{margin-left:40px;font-size:16px;}}/*!sc*/ .dsMMkP .sign-in-button{margin:0;margin-left:16px;-webkit-text-decoration:none;text-decoration:none;color:#111111;}/*!sc*/ .dsMMkP .sign-in-button:hover{-webkit-text-decoration:none;text-decoration:none;color:#666666;}/*!sc*/ .dsMMkP .sign-in-button:active{color:#666666;}/*!sc*/ @media (min-width: 48rem){.dsMMkP .sign-in-button{margin-right:16px;}}/*!sc*/ @media (min-width: 64rem){.dsMMkP .sign-in-button{font-size:20px;margin-left:24px;margin-right:0;}}/*!sc*/ data-styled.g78[id="sc-3213081d-4"]{content:"dsMMkP,"}/*!sc*/ .eUrVDN{background:#FFFFFF;will-change:transform;position:-webkit-sticky;position:sticky;top:var(--cc-sbillboard-min-height, var(--ld-height, 0));-webkit-transform:translateZ(0);-moz-transform:translateZ(0);-ms-transform:translateZ(0);transform:translateZ(0);z-index:9999;height:80px;isolation:isolate;}/*!sc*/ @media (min-width: 48rem){.eUrVDN{height:56px;margin:0 auto;width:100%;}}/*!sc*/ data-styled.g80[id="sc-5a5ea9c0-0"]{content:"eUrVDN,"}/*!sc*/ .JaWRi{background-color:#FFFFFF;max-height:100vh;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;position:relative;}/*!sc*/ .JaWRi .menu-list{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:24px;padding:24px 0;position:relative;}/*!sc*/ @-webkit-keyframes slide-in{0%{-webkit-transform:translateX(100%);-moz-transform:translateX(100%);-ms-transform:translateX(100%);transform:translateX(100%);}100%{-webkit-transform:translateX(0);-moz-transform:translateX(0);-ms-transform:translateX(0);transform:translateX(0);}}/*!sc*/ @keyframes slide-in{0%{-webkit-transform:translateX(100%);-moz-transform:translateX(100%);-ms-transform:translateX(100%);transform:translateX(100%);}100%{-webkit-transform:translateX(0);-moz-transform:translateX(0);-ms-transform:translateX(0);transform:translateX(0);}}/*!sc*/ @-webkit-keyframes slide-out{0%{-webkit-transform:translateX(0);-moz-transform:translateX(0);-ms-transform:translateX(0);transform:translateX(0);}100%{-webkit-transform:translateX(-100%);-moz-transform:translateX(-100%);-ms-transform:translateX(-100%);transform:translateX(-100%);}}/*!sc*/ @keyframes slide-out{0%{-webkit-transform:translateX(0);-moz-transform:translateX(0);-ms-transform:translateX(0);transform:translateX(0);}100%{-webkit-transform:translateX(-100%);-moz-transform:translateX(-100%);-ms-transform:translateX(-100%);transform:translateX(-100%);}}/*!sc*/ @-webkit-keyframes slide-out-right{0%{-webkit-transform:translateX(-100%);-moz-transform:translateX(-100%);-ms-transform:translateX(-100%);transform:translateX(-100%);}100%{-webkit-transform:translateX(0);-moz-transform:translateX(0);-ms-transform:translateX(0);transform:translateX(0);}}/*!sc*/ @keyframes slide-out-right{0%{-webkit-transform:translateX(-100%);-moz-transform:translateX(-100%);-ms-transform:translateX(-100%);transform:translateX(-100%);}100%{-webkit-transform:translateX(0);-moz-transform:translateX(0);-ms-transform:translateX(0);transform:translateX(0);}}/*!sc*/ .JaWRi .menu-list.not-open .submenu{position:absolute;left:100%;width:100%;display:none;}/*!sc*/ @media (min-width: 64rem){.JaWRi .menu-list.not-open .submenu{left:375px;}}/*!sc*/ .JaWRi .menu-list.not-open .level-0{width:100%;right:0;-webkit-animation:slide-out-right 0.3s;animation:slide-out-right 0.3s;-webkit-animation-timing-function:ease-in;animation-timing-function:ease-in;}/*!sc*/ .JaWRi .menu-list.open .level-0{width:100%;right:100vw;-webkit-animation:slide-out 0.3s;animation:slide-out 0.3s;-webkit-animation-timing-function:ease-in;animation-timing-function:ease-in;display:none;}/*!sc*/ @media (min-width: 64rem){.JaWRi .menu-list.open .level-0{right:375px;}}/*!sc*/ .JaWRi .menu-list.open .submenu{position:absolute;left:100%;width:100%;}/*!sc*/ .JaWRi .menu-list.open .active+.submenu{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:24px;left:0;-webkit-animation:slide-in 0.3s;animation:slide-in 0.3s;-webkit-animation-timing-function:ease-in;animation-timing-function:ease-in;}/*!sc*/ .JaWRi .menu-list.open .active+.submenu .level-0.active{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;right:0;}/*!sc*/ .JaWRi .menu-list.open .active+.submenu .level-1{padding-left:27px;}/*!sc*/ .JaWRi .menu-list.open .active+.submenu .level-1 .menu-link{font-size:18px;font-weight:600;}/*!sc*/ .JaWRi .menu-list.open .submenu-head{-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}/*!sc*/ .JaWRi .menu-list.open .submenu-head a:not(:only-child){color:#111111;position:relative;margin-left:10px;-webkit-flex:none;-ms-flex:none;flex:none;}/*!sc*/ .JaWRi .menu-list.open .submenu-head a:not(:only-child)::after{content:"";position:absolute;left:0;width:100%;right:0px;bottom:-5px;height:2px;background:#E4121A;}/*!sc*/ .JaWRi .menu-list.open .submenu-head .arrow{border-color:#111111;}/*!sc*/ .JaWRi .menu-list.open .submenu-head .arrow :hover{border-color:#666666;}/*!sc*/ data-styled.g81[id="sc-ba89f8ca-0"]{content:"JaWRi,"}/*!sc*/ .eGLRYI{height:100%;width:100%;position:fixed;top:0;left:-100%;background-color:#FFFFFF;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;z-index:100002;padding:0 16px;visibility:hidden;}/*!sc*/ .eGLRYI a:hover{color:#666666;}/*!sc*/ .eGLRYI .close-menu:hover:before{background-color:#666666;}/*!sc*/ .eGLRYI .links-menu{margin:0 20px;overflow:hidden auto;scrollbar-width:none;height:calc(100vh - 195px);}/*!sc*/ .eGLRYI .links-menu::-webkit-scrollbar{display:none;}/*!sc*/ .eGLRYI.open{left:0;visibility:visible;}/*!sc*/ @media (min-width: 48rem){.eGLRYI{width:100%;left:-100%;padding:0 24px 24px;}}/*!sc*/ @media (min-width: 64rem){.eGLRYI{max-width:375px;left:-375px;}}/*!sc*/ .eGLRYI .extra-padding{padding-bottom:64px;}/*!sc*/ @supports (height: 100svh){.eGLRYI{height:100%;}.eGLRYI .extra-padding{padding-bottom:0;}}/*!sc*/ data-styled.g86[id="sc-bafb0ca3-0"]{content:"eGLRYI,"}/*!sc*/ .hNRzgj{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;position:-webkit-sticky;position:sticky;background-color:#FFFFFF;top:0;left:20px;padding-top:16px;padding-bottom:8px;z-index:9999;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;border-bottom:1px solid #D1D1D6;min-height:70px;}/*!sc*/ @media (min-width: 48rem){.hNRzgj{padding-top:24px;}}/*!sc*/ data-styled.g87[id="sc-bafb0ca3-1"]{content:"hNRzgj,"}/*!sc*/ @media (max-width: 47.95rem){.kqGBoi{border-top:1px solid #F2F2F2;background-color:#FFFFFF;position:-webkit-sticky;position:sticky;bottom:16px;padding-top:5px;z-index:9999;}.kqGBoi.education{bottom:60px;}.kqGBoi .subscribe-link{text-transform:uppercase;font-size:16px;font-weight:600;}}/*!sc*/ data-styled.g88[id="sc-bafb0ca3-2"]{content:"kqGBoi,"}/*!sc*/ .fdzxUs{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;}/*!sc*/ .fdzxUs .close-menu{margin-right:24px;}/*!sc*/ data-styled.g90[id="sc-bafb0ca3-4"]{content:"fdzxUs,"}/*!sc*/ .eWOJhr{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;}/*!sc*/ data-styled.g91[id="sc-bafb0ca3-5"]{content:"eWOJhr,"}/*!sc*/ .rDExI{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;width:100%;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;}/*!sc*/ .rDExI .link{font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-weight:500;font-size:16px;margin-left:32px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;text-transform:uppercase;}/*!sc*/ .rDExI .search-button{cursor:pointer;}/*!sc*/ .rDExI .search-button:hover label::before{background-color:#666666;}/*!sc*/ .rDExI .search-button label{cursor:pointer;}/*!sc*/ .rDExI .search-button label::before{content:'';-webkit-mask:url("/icons/svg/search-icon.svg") no-repeat center center;mask:url("/icons/svg/search-icon.svg") no-repeat center center;display:block;background-color:#666666;width:24px;height:24px;-webkit-mask-size:24px 24px;mask-size:24px 24px;background-color:#111111;}/*!sc*/ .rDExI .mobile-logo .logo{height:24px;cursor:pointer;}/*!sc*/ .rDExI .mobile-logo .crypto-logo{height:24px;width:170px;}/*!sc*/ .rDExI .mobile-logo .well-logo{height:24px;width:178px;cursor:pointer;}/*!sc*/ .rDExI .mobile-logo .recommends-logo{height:16px;width:200px;cursor:pointer;}/*!sc*/ .rDExI .mobile-logo .education-logo{height:16px;cursor:pointer;}/*!sc*/ @media (min-width: 48rem){.rDExI .mobile-logo{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}}/*!sc*/ @media (min-width: 48rem){.rDExI{-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;width:100%;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}}/*!sc*/ data-styled.g92[id="sc-bafb0ca3-6"]{content:"rDExI,"}/*!sc*/ .iqCsYT{z-index:100001;position:fixed;inset:0;background-color:#111111;opacity:0;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;visibility:hidden;}/*!sc*/ data-styled.g93[id="sc-bafb0ca3-7"]{content:"iqCsYT,"}/*!sc*/ .fQTwdH{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;position:relative;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;color:#111111;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;line-height:120%;font-weight:600;font-size:20px;}/*!sc*/ .fQTwdH a{-webkit-flex:1;-ms-flex:1;flex:1;color:#111111;text-transform:uppercase;}/*!sc*/ .fQTwdH >a:only-child{margin-right:20px;}/*!sc*/ .eVBxUw{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;position:relative;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;color:#111111;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;line-height:120%;font-weight:500;font-size:20px;}/*!sc*/ .eVBxUw a{-webkit-flex:1;-ms-flex:1;flex:1;color:#111111;text-transform:uppercase;}/*!sc*/ .eVBxUw >a:only-child{margin-right:20px;}/*!sc*/ data-styled.g94[id="sc-1ff8631d-0"]{content:"fQTwdH,eVBxUw,"}/*!sc*/ .imMFPG{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;cursor:pointer;padding:8px;margin:-8px;}/*!sc*/ .imMFPG .arrow{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(-45deg);-moz-transform:rotate(-45deg);-ms-transform:rotate(-45deg);transform:rotate(-45deg);-webkit-transform:rotate(-45deg);margin-bottom:1px;margin-right:2px;margin-top:3px;border-color:#111111;padding:5px;border-width:0 3px 3px 0;margin-top:0;}/*!sc*/ .imMFPG:hover .arrow{border-color:#666666;}/*!sc*/ .imMFPG:focus .arrow{border-color:#666666;}/*!sc*/ .imMFPG.right{-webkit-transform:rotate(-180deg);-moz-transform:rotate(-180deg);-ms-transform:rotate(-180deg);transform:rotate(-180deg);}/*!sc*/ data-styled.g96[id="sc-1ff8631d-2"]{content:"imMFPG,"}/*!sc*/ .hmUVNN{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;gap:16px;}/*!sc*/ .hmUVNN>li:last-child>ul{right:0;left:unset;}/*!sc*/ @media (min-width: 64rem){.hmUVNN>li:last-child>ul{right:unset;left:0;}}/*!sc*/ @media (max-width: 47.95rem){.hmUVNN{-webkit-box-align:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:justify;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;padding-left:16px;white-space:nowrap;scrollbar-width:none;overflow:scroll hidden;}.hmUVNN::-webkit-scrollbar{display:none;}}/*!sc*/ data-styled.g97[id="sc-e1317978-0"]{content:"hmUVNN,"}/*!sc*/ .kszLfE{background:#FFFFFF;padding:16px;box-shadow:0px 25px 20px -20px #11111110;}/*!sc*/ .kszLfE:not(.no-margin){margin:0 auto 24px 0;}/*!sc*/ @media (min-width: 48rem){.kszLfE:not(.no-margin){margin:0 auto 32px 0;}}/*!sc*/ @media (min-width: 64rem){.kszLfE:not(.no-margin){margin:0 auto 40px 0;}}/*!sc*/ data-styled.g98[id="sc-e1317978-1"]{content:"kszLfE,"}/*!sc*/ .lpebxx{position:absolute;width:100%;height:18px;background:transparent;}/*!sc*/ data-styled.g99[id="sc-e1317978-2"]{content:"lpebxx,"}/*!sc*/ .etbNxl{position:relative;display:inline-block;padding:0 8px;}/*!sc*/ @media (min-width: 64rem){.etbNxl:hover >ul,.etbNxl:focus-within >ul{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;left:0;}}/*!sc*/ .etbNxl:hover>a::after{content:"";position:absolute;left:0px;right:0px;bottom:-1px;height:2px;background:#E4121A;}/*!sc*/ data-styled.g100[id="sc-e1317978-3"]{content:"etbNxl,"}/*!sc*/ .kZwfFk{font-style:normal;font-weight:600;font-size:16px;}/*!sc*/ .kZwfFk.selected::after{content:"";position:absolute;left:0px;right:0px;bottom:-1px;height:2px;background:#E4121A;}/*!sc*/ data-styled.g101[id="sc-e1317978-4"]{content:"kZwfFk,"}/*!sc*/ .caAsTT{display:none;min-width:236px;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;position:absolute;z-index:11;background-color:#FFFFFF;padding:16px;box-shadow:4px 4px 20px 0px #1111110d;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;top:calc(100% + 16px);}/*!sc*/ .caAsTT>li:first-child{border-top:0;padding-top:0;}/*!sc*/ .caAsTT.open{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;min-width:230px;}/*!sc*/ .caAsTT .submenu-link{display:inline-block;}/*!sc*/ .caAsTT .submenu-link:hover{color:#666666;}/*!sc*/ data-styled.g102[id="sc-216aa589-0"]{content:"caAsTT,"}/*!sc*/ .cjnuov{width:100%;text-align:left;padding-top:8px;}/*!sc*/ .cjnuov .submenu-link{font-weight:600;line-height:150%;text-transform:uppercase;font-size:16px;letter-spacing:0.5px;}/*!sc*/ data-styled.g103[id="sc-216aa589-1"]{content:"cjnuov,"}/*!sc*/ .cBTbqy{background-color:#FFFFFF;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;width:100%;text-align:center;}/*!sc*/ .cBTbqy:empty{min-height:0;height:0;}/*!sc*/ .cBTbqy.leaderboard--sticky{position:-webkit-sticky;position:sticky;z-index:9999;top:0;}/*!sc*/ .cBTbqy.leaderboard--sticky>div{position:-webkit-sticky;position:sticky;}/*!sc*/ @media (min-width: 20rem){.cBTbqy{min-height:110px!important;}}/*!sc*/ @media (min-width: 48rem){.cBTbqy{min-height:161px!important;}}/*!sc*/ @media (min-width: 64rem){.cBTbqy{min-height:300px!important;}}/*!sc*/ data-styled.g121[id="sc-598c3945-0"]{content:"cBTbqy,"}/*!sc*/ .dnBpwI{margin:auto;overflow:clip;}/*!sc*/ @media (min-width: 48rem){.dnBpwI{padding:0px 24px;}}/*!sc*/ @media (min-width: 80rem){.dnBpwI{padding:0px 48px;}}/*!sc*/ @media (min-width: 90rem){.dnBpwI{max-width:1440px;}}/*!sc*/ data-styled.g123[id="sc-598c3945-2"]{content:"dnBpwI,"}/*!sc*/ .kFfAft{text-align:center;margin-left:auto;margin-right:auto;position:-webkit-sticky;position:sticky;position:-webkit-sticky;min-height:50px;z-index:5;overflow-y:visible;top:175px;}/*!sc*/ .kFfAft.subscriptions{min-height:50px;margin:0 auto;}/*!sc*/ .kFfAft.homepage{min-height:50px;margin:var(--Section-Margin) auto;}/*!sc*/ @media (min-width: 72rem){.kFfAft.homepage{min-height:50px;}}/*!sc*/ .kFfAft.simple{min-height:50px;}/*!sc*/ @media (min-width: 72rem){.kFfAft.simple{min-height:50px;}}/*!sc*/ .kFfAft.narrow{min-height:50px;}/*!sc*/ .kFfAft.simple-homepage{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;min-height:50px;margin-top:48px;margin-bottom:0px;}/*!sc*/ @media (min-width: 48rem){.kFfAft.simple-homepage{min-height:50px;}}/*!sc*/ data-styled.g134[id="sc-ae55e816-10"]{content:"kFfAft,"}/*!sc*/ .mvXiy{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}/*!sc*/ data-styled.g135[id="sc-ae55e816-11"]{content:"mvXiy,"}/*!sc*/ .jLaGwN{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-box-pack:end;-ms-flex-pack:end;-webkit-justify-content:end;justify-content:end;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;width:100%;height:600px;pointer-events:none;position:fixed;bottom:0;left:0;right:0;z-index:99999;}/*!sc*/ .jLaGwN iframe{pointer-events:auto;}/*!sc*/ data-styled.g150[id="sc-34036c4b-0"]{content:"jLaGwN,"}/*!sc*/ .fqHNIc{font-weight:600;line-height:120%;color:#111111;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;letter-spacing:0.5px;font-size:2.5rem;}/*!sc*/ .dbByHx{font-weight:600;line-height:120%;color:#111111;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;letter-spacing:0.5px;font-size:1.5rem;}/*!sc*/ @media (min-width: 64rem){.dbByHx{font-size:2rem;}}/*!sc*/ data-styled.g152[id="sc-3358ecfd-0"]{content:"fqHNIc,dbByHx,"}/*!sc*/ .bANKlS{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-flex-wrap:wrap;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;}/*!sc*/ data-styled.g277[id="sc-b64144e9-0"]{content:"bANKlS,"}/*!sc*/ .isywOc{display:none;gap:8px;}/*!sc*/ @media (min-width: 64rem){.isywOc{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}}/*!sc*/ .isywOc.tablet-and-mobile{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;}/*!sc*/ @media (min-width: 64rem){.isywOc.tablet-and-mobile{display:none;}}/*!sc*/ data-styled.g278[id="sc-b64144e9-1"]{content:"isywOc,"}/*!sc*/ .jQDfAY{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;gap:8px;line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:0.875rem;font-weight:600;}/*!sc*/ .jQDfAY:last-child:not(:only-child){position:relative;margin-left:8px;}/*!sc*/ .jQDfAY:last-child:not(:only-child)::after{position:absolute;content:'';border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(135deg);-moz-transform:rotate(135deg);-ms-transform:rotate(135deg);transform:rotate(135deg);-webkit-transform:rotate(135deg);margin-bottom:2px;margin-top:3px;margin-top:5px;margin-left:5px;color:#666666;left:-8px;}/*!sc*/ @media (min-width: 64rem){.jQDfAY:last-child:not(:only-child)::after{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(-45deg);-moz-transform:rotate(-45deg);-ms-transform:rotate(-45deg);transform:rotate(-45deg);-webkit-transform:rotate(-45deg);margin-bottom:1px;margin-right:2px;margin-top:3px;margin-top:5px;margin-right:5px;margin-left:0;}}/*!sc*/ .jQDfAY::before{content:'';border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(135deg);-moz-transform:rotate(135deg);-ms-transform:rotate(135deg);transform:rotate(135deg);-webkit-transform:rotate(135deg);margin-bottom:2px;margin-top:3px;margin-top:5px;margin-left:5px;color:#666666;-webkit-align-self:flex-start;-ms-flex-item-align:start;align-self:flex-start;}/*!sc*/ @media (min-width: 64rem){.jQDfAY::before{border-style:solid;border-color:inherit;border-width:0 1.5px 1.5px 0;display:inline-block;padding:3px;width:9px;height:9px;content:'';-webkit-transform:rotate(-45deg);-moz-transform:rotate(-45deg);-ms-transform:rotate(-45deg);transform:rotate(-45deg);-webkit-transform:rotate(-45deg);margin-bottom:1px;margin-right:2px;margin-top:3px;margin-top:5px;margin-right:5px;margin-left:0;}}/*!sc*/ .jQDfAY:first-child:not(:only-child)::before{display:none;}/*!sc*/ data-styled.g279[id="sc-b64144e9-2"]{content:"jQDfAY,"}/*!sc*/ .efRLEe{text-transform:uppercase;line-height:21px;letter-spacing:0.5px;-webkit-transition:all 0.25s;transition:all 0.25s;white-space:nowrap;}/*!sc*/ .eOuSvS{text-transform:uppercase;line-height:21px;letter-spacing:0.5px;color:#666666;text-align:left;}/*!sc*/ data-styled.g280[id="sc-b64144e9-3"]{content:"efRLEe,eOuSvS,"}/*!sc*/ .kUCHIm{display:-ms-grid;display:grid;gap:32px;}/*!sc*/ @media (min-width: 48rem){.kUCHIm{-ms-grid-columns:repeat(2, 1fr);grid-template-columns:repeat(2, 1fr);gap:32px;}}/*!sc*/ @media (min-width: 64rem){.kUCHIm{-ms-grid-columns:repeat(4, 1fr);grid-template-columns:repeat(4, 1fr);}}/*!sc*/ data-styled.g290[id="sc-4e14948d-3"]{content:"kUCHIm,"}/*!sc*/ .kyLtHM{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:40px;padding:0 16px;}/*!sc*/ .kyLtHM p a{color:#007B9D;-webkit-text-decoration:underline;text-decoration:underline;}/*!sc*/ .kyLtHM .most-popular-module{padding:0 16px;}/*!sc*/ .kyLtHM .most-popular-module .hero-eyebrow,.kyLtHM .most-popular-module h3{text-align:left;}/*!sc*/ @media (min-width: 48rem){.kyLtHM{padding:0 0;}}/*!sc*/ @media (min-width: 64rem){.kyLtHM{gap:48px;}.kyLtHM .most-popular-module{padding:0 24px;}}/*!sc*/ .kyLtHM.franchise-content .breadcrumbs{margin-bottom:-30px;}/*!sc*/ .kyLtHM.franchise-content .breadcrumbs li:last-child{margin-left:0;}/*!sc*/ .kyLtHM.franchise-content .breadcrumbs li:last-child:after{display:none;}/*!sc*/ data-styled.g291[id="sc-bbcf577f-0"]{content:"kyLtHM,"}/*!sc*/ .joPFjT{margin-bottom:8px;}/*!sc*/ data-styled.g292[id="sc-bbcf577f-1"]{content:"joPFjT,"}/*!sc*/ .iBtjjC{background-color:#FFFFFF;padding:24px;}/*!sc*/ .iBtjjC .tabs .half-width{max-width:532px;margin-left:auto;margin-right:auto;padding-top:24px;}/*!sc*/ @media (min-width: 64rem){.iBtjjC{padding:40px;}}/*!sc*/ data-styled.g293[id="sc-bbcf577f-2"]{content:"iBtjjC,"}/*!sc*/ .izfRFg{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:40px;}/*!sc*/ .izfRFg:empty{display:none;}/*!sc*/ .izfRFg .latest-module{padding:0 16px;}/*!sc*/ .izfRFg .latest-module h3{text-align:left;}/*!sc*/ .izfRFg .stock-chart{padding:0 16px;}/*!sc*/ @media (min-width: 48rem){.izfRFg .stock-chart{padding:0 8px;}.izfRFg .latest-module{padding:0 16px;}}/*!sc*/ @media (min-width: 64rem){.izfRFg{-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;gap:48px;}.izfRFg .latest-module{padding:0 40px;}.izfRFg .latest-module.no-padding{padding:0;}.izfRFg .stock-chart{padding:0 0 0 40px;}}/*!sc*/ .izfRFg.introContainer{background-color:#FFFFFF;padding:24px 16px;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;-webkit-align-items:flex-start;-webkit-box-align:flex-start;-ms-flex-align:flex-start;align-items:flex-start;}/*!sc*/ @media (min-width: 48rem){.izfRFg.introContainer{padding:40px;}.izfRFg.introContainer>*{-webkit-flex:1 auto;-ms-flex:1 auto;flex:1 auto;}}/*!sc*/ data-styled.g295[id="sc-bbcf577f-4"]{content:"izfRFg,"}/*!sc*/ .hMdxWx{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;background-color:#FFFFFF;padding:24px 16px;}/*!sc*/ .hMdxWx .accordions .accordion-wrapper{gap:0;margin-top:24px;}/*!sc*/ .hMdxWx .accordions .accordion-wrapper:first-of-type{margin-top:0;}/*!sc*/ .hMdxWx .accordions .ranking-list.content{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:8px;}/*!sc*/ .hMdxWx .accordions .ranking-list.content:first-of-type a:first-child{margin-top:24px;}/*!sc*/ @media (min-width: 20rem){.hMdxWx .accordions{margin-top:12px;}}/*!sc*/ @media (min-width: 64rem){.hMdxWx{display:-ms-grid;display:grid;-ms-grid-columns:fit-content(100%) 1fr;grid-template-columns:fit-content(100%) 1fr;-webkit-align-items:flex-start;-webkit-box-align:flex-start;-ms-flex-align:flex-start;align-items:flex-start;padding:40px;row-gap:32px;}.hMdxWx .tabs,.hMdxWx .accordions{-ms-grid-column:1;-ms-grid-column-span:2;grid-column:1/3;}}/*!sc*/ data-styled.g296[id="sc-bbcf577f-5"]{content:"hMdxWx,"}/*!sc*/ .hGDYUM{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:8px;padding:0 16px;margin-bottom:-24px;}/*!sc*/ @media (min-width: 48rem){.hGDYUM{padding:0 16px;}}/*!sc*/ @media (min-width: 64rem){.hGDYUM{padding:0 40px;}}/*!sc*/ .dhSoYy{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;gap:24px;padding:0 16px;margin-bottom:-24px;}/*!sc*/ @media (min-width: 48rem){.dhSoYy{padding:0 16px;}}/*!sc*/ @media (min-width: 64rem){.dhSoYy{padding:0 40px;}}/*!sc*/ data-styled.g298[id="sc-bbcf577f-7"]{content:"hGDYUM,dhSoYy,"}/*!sc*/ .fJtxZV{border-left:4px solid #E4121A;padding-left:12px;}/*!sc*/ @media (min-width: 48rem){.fJtxZV{border-left:4px solid #E4121A;}}/*!sc*/ data-styled.g302[id="sc-44f66d32-1"]{content:"fJtxZV,"}/*!sc*/ .jAqVGE{margin-left:-15px;}/*!sc*/ .jAqVGE .tradingview-widget-copyright{display:none;}/*!sc*/ .jAqVGE:has(iframe) .tradingview-widget-copyright{display:block;}/*!sc*/ .jAqVGE:has(iframe) .tradingview-widget-copyright .blue-text{display:block;margin-left:15px;text-align:left;}/*!sc*/ data-styled.g304[id="sc-70173bb8-0"]{content:"jAqVGE,"}/*!sc*/ .casMnY{background-color:#E4121A;line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:1.25rem;font-weight:600;color:#FFFFFF;cursor:pointer;height:40px;width:40px;min-width:40px;min-height:40px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;letter-spacing:.25px;}/*!sc*/ @media (min-width: 64rem){.casMnY{width:48px;height:48px;min-width:48px;min-height:48px;font-size:1.5rem;}}/*!sc*/ data-styled.g307[id="sc-601b3a39-0"]{content:"casMnY,"}/*!sc*/ .dMmpaF{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}/*!sc*/ @media (min-width: 64rem){.dMmpaF:hover >label,.dMmpaF:focus >label{background-color:#AD3D41;}.dMmpaF:hover >span,.dMmpaF:focus >span{color:#007B9D;-webkit-text-decoration:underline;text-decoration:underline;}.dMmpaF:active >span{color:#666666;-webkit-text-decoration:unset;text-decoration:unset;}}/*!sc*/ data-styled.g308[id="sc-2a9b5e8d-0"]{content:"dMmpaF,"}/*!sc*/ .iZaAsl{line-height:150%;color:#111111;letter-spacing:0.5px;font-weight:400;font-family:var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif;font-size:1rem;font-weight:600;padding:0 8px;max-width:75%;}/*!sc*/ data-styled.g309[id="sc-2a9b5e8d-1"]{content:"iZaAsl,"}/*!sc*/ .eJshGc{min-width:300px;gap:16px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;}/*!sc*/ .eJshGc .ranking-single-item{margin-left:24px;}/*!sc*/ .eJshGc .next,.eJshGc .prev{top:calc(50% - 16px);width:20px;height:20px;z-index:100;}/*!sc*/ .eJshGc .next svg,.eJshGc .prev svg{width:18px;height:12px;}/*!sc*/ .eJshGc .next.slick-disabled,.eJshGc .prev.slick-disabled{visibility:hidden;}/*!sc*/ .eJshGc .slick-slide{visibility:hidden;}/*!sc*/ .eJshGc .slick-slide.slick-active{visibility:visible;}/*!sc*/ .eJshGc .next{right:0;}/*!sc*/ .eJshGc .prev{left:0;}/*!sc*/ .eJshGc .slick-list{padding:0 16px;}/*!sc*/ .eJshGc .slick-track{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}/*!sc*/ .eJshGc .slick-slider.slick-initialized{padding:0 12px;}/*!sc*/ .eJshGc .slick-slider.slick-initialized >ul{margin-top:16px;}/*!sc*/ @media (min-width: 64rem){.eJshGc{padding:16px 16px 10px 16px;}.eJshGc .next{right:-24px;}.eJshGc .slick-track{min-width:100%;}.eJshGc .slick-slide{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:auto;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}}/*!sc*/ data-styled.g325[id="sc-b2908663-0"]{content:"eJshGc,"}/*!sc*/ </style></head><body dir="auto" class="grey"><div id="__next"><div class="__variable_40b425 __variable_75b0c8 __variable_cdc833"><div class="sc-598c3945-0 cBTbqy"></div><input type="checkbox" id="drawer-toggle" class="sc-25daf897-0 cavswr drawer-toggle" aria-label="Toggle Menu"/><div id="header-wrapper-id" data-cy="header" class="sc-5a5ea9c0-0 eUrVDN"><header class="sc-3213081d-0 jpmrha own"><div class="sc-3213081d-1 kwSTEc"><label for="drawer-toggle" class="sc-25daf897-3 iWXKXT hamburger-toggle" aria-label="Open menu" data-cy="burger-button" tabindex="0"><svg width="30" height="25" viewBox="0 0 30 25" fill="#111111" xmlns="http://www.w3.org/2000/svg"><rect y="0.378418" width="30" height="4"></rect><rect y="10.3784" width="30" height="4"></rect><rect y="20.3784" width="30" height="4"></rect></svg></label><div class="sc-3213081d-2 diyYJC own" tabindex="0" role="button" data-cy="searchButton"><label for="queryly_toggle">SEARCH</label></div></div><div class="sc-3213081d-3 kbgTHx own"><a href="https://fortune.com/" target="_self" data-cy="logo" aria-label="Homepage" class="sc-19cc8fd2-0 kspHIT"><svg id="a" class="logo" aria-hidden="true" data-cy="fortune-logo" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 381.65 96.68"><g id="b"><polygon points="342.81 1.33 342.81 95.35 381.65 95.35 381.65 79.43 358.74 79.43 358.74 55.04 373.51 55.04 373.51 39.12 358.74 39.12 358.74 17.25 381.65 17.25 381.65 1.33 342.81 1.33"></polygon><polygon points="311.29 1.33 311.29 52.6 295.18 1.33 279.25 1.33 279.25 95.35 295.18 95.35 295.18 49.29 309.58 95.35 327.22 95.35 327.22 1.33 311.29 1.33"></polygon><path d="M248.25,1.33V74.57c0,3.41-2.77,6.18-6.18,6.18s-6.18-2.77-6.18-6.18V1.33h-15.93V74.57c0,12.21,9.9,22.11,22.11,22.11s22.11-9.9,22.11-22.11V1.33h-15.93Z"></path><polygon points="206.83 1.33 162.7 1.33 162.7 17.25 176.8 17.25 176.8 95.35 192.73 95.35 192.73 17.25 206.83 17.25 206.83 1.33"></polygon><path d="M155.4,95.35h-16.46l-11.77-44.65s10.13-1.82,10.13-12.6v-14.69c0-3.41-2.76-6.17-6.16-6.17h-6.12V95.35h-15.93V1.33h22.04c11.88,0,21.54,9.38,22.05,21.12h.05v15.37h-.05c0,9.28-3.04,15.97-8.59,20.23l10.82,37.3Z"></path><path d="M49.13,22.11v52.47c0,12.21,9.9,22.11,22.11,22.11s22.11-9.9,22.11-22.11V22.1c0-12.21-9.89-22.1-22.1-22.1h0c-12.21,0-22.11,9.9-22.11,22.11m15.93,52.47V22.11c0-3.41,2.77-6.18,6.18-6.18h.02c3.4,0,6.16,2.76,6.16,6.16v52.48c0,3.41-2.77,6.18-6.18,6.18s-6.18-2.77-6.18-6.18"></path><polygon points="0 1.33 0 95.35 15.93 95.35 15.93 55.04 30.69 55.04 30.69 39.12 15.93 39.12 15.93 17.25 38.83 17.25 38.83 1.33 0 1.33"></polygon></g></svg></a></div><div class="sc-3213081d-4 dsMMkP own"><div class="sc-7b315448-0 iMBdxX account-placeholder"></div></div></header></div><div class="sc-e1317978-1 kszLfE"><ul data-cy="topicNavigation" class="sc-e1317978-0 hmUVNN"><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own styled-custom-link" data-cy="home" tabindex="0" aria-label="Go to Home">Home</a><div class="sc-e1317978-2 lpebxx"></div></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/the-latest/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own styled-custom-link" data-cy="news" tabindex="0" aria-label="Go to News">News</a><div class="sc-e1317978-2 lpebxx"></div></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/section/tech/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own showSubmenu styled-custom-link" data-cy="tech" tabindex="0" aria-label="Go to Tech">Tech</a><div class="sc-e1317978-2 lpebxx"></div><ul data-cy="submenu-tech" class="sc-216aa589-0 caAsTT"><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/tag/artificial-intelligence/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to AI">AI</a></li></ul></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/section/finance/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own showSubmenu styled-custom-link" data-cy="finance" tabindex="0" aria-label="Go to Finance">Finance</a><div class="sc-e1317978-2 lpebxx"></div><ul data-cy="submenu-finance" class="sc-216aa589-0 caAsTT"><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/section/personal-finance/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Personal Finance">Personal Finance</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/tag/real-estate/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Real Estate">Real Estate</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/crypto/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Crypto">Crypto</a></li></ul></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/section/leadership/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own showSubmenu styled-custom-link" data-cy="leadership" tabindex="0" aria-label="Go to Leadership">Leadership</a><div class="sc-e1317978-2 lpebxx"></div><ul data-cy="submenu-leadership" class="sc-216aa589-0 caAsTT"><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/section/success/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Success">Success</a></li></ul></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/well/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own showSubmenu styled-custom-link" data-cy="well" tabindex="0" aria-label="Go to Well">Well</a><div class="sc-e1317978-2 lpebxx"></div><ul data-cy="submenu-well" class="sc-216aa589-0 caAsTT"><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/well/section/life/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Life">Life</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/well/section/health/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Health">Health</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/well/section/mind/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Mind">Mind</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/well/section/family/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Family">Family</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/well/section/aging-well/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Aging Well">Aging Well</a></li></ul></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/education/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own showSubmenu styled-custom-link" data-cy="education" tabindex="0" aria-label="Go to Education">Education</a><div class="sc-e1317978-2 lpebxx"></div><ul data-cy="submenu-education" class="sc-216aa589-0 caAsTT"><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/education/business/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Top Business Schools">Top Business Schools</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/education/information-technology/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Top Information and Technology Schools">Top Information and Technology Schools</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/education/health/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Top Health Schools">Top Health Schools</a></li></ul></li><li class="sc-e1317978-3 etbNxl own"><a href="https://fortune.com/ranking/fortune500/" target="_self" class="sc-19cc8fd2-0 dlLwcj sc-e1317978-4 kZwfFk own showSubmenu styled-custom-link" data-cy="fortune-500" tabindex="0" aria-label="Go to Fortune 500">Fortune 500</a><div class="sc-e1317978-2 lpebxx"></div><ul data-cy="submenu-fortune-500" class="sc-216aa589-0 caAsTT"><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/asia/ranking/southeast-asia-500/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to FORTUNE SEA 500">FORTUNE SEA 500</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/europe/ranking/fortune500-europe/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Fortune 500 Europe">Fortune 500 Europe</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://fortune.com/ranking/global500/" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Fortune Global 500">Fortune Global 500</a></li><li class="sc-216aa589-1 cjnuov"><a href="https://www.fortunechina.com/fortune500/c/2023-07/25/content_436290.htm" target="_self" class="sc-19cc8fd2-0 kspHIT submenu-link" aria-label="Go to Fortune China 500">Fortune China 500</a></li></ul></li></ul></div><div class="sc-bafb0ca3-0 eGLRYI drawer-menu" data-cy="drawer-menu"><div class="sc-bafb0ca3-1 hNRzgj"><div class="sc-bafb0ca3-6 rDExI"><div class="sc-bafb0ca3-4 fdzxUs"><label for="drawer-toggle" id="drawer-toggle-button" class="sc-25daf897-3 iWXKXT close-menu" aria-label="Close menu" data-cy="closeButton" tabindex="0"></label><a href="https://fortune.com/" target="_self" class="sc-19cc8fd2-0 kspHIT mobile-logo" data-cy="logo" aria-label="Homepage"><svg id="a" class="logo" aria-hidden="true" data-cy="fortune-logo" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 381.65 96.68"><g id="b"><polygon points="342.81 1.33 342.81 95.35 381.65 95.35 381.65 79.43 358.74 79.43 358.74 55.04 373.51 55.04 373.51 39.12 358.74 39.12 358.74 17.25 381.65 17.25 381.65 1.33 342.81 1.33"></polygon><polygon points="311.29 1.33 311.29 52.6 295.18 1.33 279.25 1.33 279.25 95.35 295.18 95.35 295.18 49.29 309.58 95.35 327.22 95.35 327.22 1.33 311.29 1.33"></polygon><path d="M248.25,1.33V74.57c0,3.41-2.77,6.18-6.18,6.18s-6.18-2.77-6.18-6.18V1.33h-15.93V74.57c0,12.21,9.9,22.11,22.11,22.11s22.11-9.9,22.11-22.11V1.33h-15.93Z"></path><polygon points="206.83 1.33 162.7 1.33 162.7 17.25 176.8 17.25 176.8 95.35 192.73 95.35 192.73 17.25 206.83 17.25 206.83 1.33"></polygon><path d="M155.4,95.35h-16.46l-11.77-44.65s10.13-1.82,10.13-12.6v-14.69c0-3.41-2.76-6.17-6.16-6.17h-6.12V95.35h-15.93V1.33h22.04c11.88,0,21.54,9.38,22.05,21.12h.05v15.37h-.05c0,9.28-3.04,15.97-8.59,20.23l10.82,37.3Z"></path><path d="M49.13,22.11v52.47c0,12.21,9.9,22.11,22.11,22.11s22.11-9.9,22.11-22.11V22.1c0-12.21-9.89-22.1-22.1-22.1h0c-12.21,0-22.11,9.9-22.11,22.11m15.93,52.47V22.11c0-3.41,2.77-6.18,6.18-6.18h.02c3.4,0,6.16,2.76,6.16,6.16v52.48c0,3.41-2.77,6.18-6.18,6.18s-6.18-2.77-6.18-6.18"></path><polygon points="0 1.33 0 95.35 15.93 95.35 15.93 55.04 30.69 55.04 30.69 39.12 15.93 39.12 15.93 17.25 38.83 17.25 38.83 1.33 0 1.33"></polygon></g></svg></a></div><div class="sc-bafb0ca3-5 eWOJhr"><button class="sc-d9a6b3c5-0 jylYni search-button" type="button"><label for="queryly_toggle"></label></button></div></div></div><nav class="sc-ba89f8ca-0 JaWRi links-menu"><ul class="menu-list not-open" data-cy="menuMobile"><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-0"><a href="https://fortune.com/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Home</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-1"><a href="https://fortune.com/ranking/fortune500/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">FORTUNE 500</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-2"><a href="https://fortune.com/the-latest/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">News</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-3"><a href="https://fortune.com/europe/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Europe</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-4"><a href="https://fortune.com/asia/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Asia</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-5"><a href="https://fortune.com/section/tech/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Tech</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/section/tech/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Tech</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/tag/artificial-intelligence/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">AI</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-6"><a href="https://fortune.com/section/finance/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Finance</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/section/finance/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Finance</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/section/personal-finance/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Personal Finance</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/tag/real-estate/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Real Estate</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/crypto/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Crypto</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-7"><a href="https://fortune.com/section/leadership/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Leadership</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/section/leadership/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Leadership</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/section/success/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Success</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-8"><a href="https://fortune.com/well/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Well</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/well/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Well</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/well/section/life/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Life</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/well/section/health/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Health</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/well/section/mind/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Mind</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/well/section/family/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Family</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/well/section/aging-well/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Aging Well</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-9"><a href="https://fortune.com/education/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Education</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/education/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Education</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/education/business/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Top Business Schools</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/education/information-technology/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Top Information Technology and Data Schools</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/education/health/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Top Health Schools</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-10"><a href="https://fortune.com/videos/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Video</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-11"><a href="https://fortune.com/ranking/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Rankings</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/ranking/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Rankings</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/ranking/fortune500/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">FORTUNE 500</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/ranking/global500/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">GLOBAL 500</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/ranking/most-powerful-women/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">MOST POWERFUL WOMEN</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/great-place-to-work-rankings/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">GREAT PLACE TO WORK LISTS</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/education/business/best-mba-programs/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">BEST MBA PROGRAMS</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/ranking/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">MORE RANKINGS</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/companies/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Fortune Company List</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-12"><a href="https://fortune.com/analytics" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Analytics</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-13"><a href="https://fortune.com/newsletters/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Newsletters</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-14"><a href="https://fortune.com/magazine/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Magazine</a><button class="sc-1ff8631d-2 imMFPG arrow" type="button" data-cy="arrow-button"><span class="arrow"></span></button></li><ul class="sc-1ff8631d-1 ePLCMC submenu" data-cy="subMenuLevel0"><li class="sc-1ff8631d-0 fQTwdH submenu-head"><button class="sc-1ff8631d-2 imMFPG arrow right" type="button" data-cy="arrow-button"><span class="arrow"></span></button><a href="https://fortune.com/magazine/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Magazine</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/packages/february-march-2025/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">February/March 2025</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/packages/december-2024-january-2025/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">December 2024/January 2025</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/packages/october-november-2024/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">October/November 2024</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/packages/august-september-2024/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">August/September 2024</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/packages/june-july-2024/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">June/July 2024</a></li><li class="sc-1ff8631d-0 eVBxUw level-1 active" data-cy="itemLink1" id="tab-undefined"><a href="https://fortune.com/packages/april-may-2024/" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">April/May 2024</a></li></ul><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-15"><a href="https://fortune.com/conferences" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">Live Media</a></li><li class="sc-1ff8631d-0 fQTwdH level-0 " data-cy="itemLink0" id="tab-16"><a href="https://fortune.com/ceoi" target="_self" class="sc-19cc8fd2-0 kspHIT menu-link">CEO Initiative</a></li></ul></nav><div class="sc-bafb0ca3-2 kqGBoi"></div></div><div class="sc-bafb0ca3-7 iqCsYT overlay"></div><div class="sc-598c3945-2 dnBpwI"><main><div id="content" class="sc-bbcf577f-0 kyLtHM franchise-content"><nav aria-label="Breadcrumb" class="sc-b64144e9-0 bANKlS breadcrumbs" data-cy="bread-crumbs"><ol class="sc-b64144e9-1 isywOc tablet-and-mobile" data-cy="tablet-and-mobile-breadcrumbs"><li class="sc-b64144e9-2 jQDfAY"><a href="https://fortune.com/companies/" target="_self" class="sc-19cc8fd2-0 hCpVMN styled-custom-link"><span class="sc-b64144e9-3 efRLEe">Companies</span></a></li></ol><ol data-cy="desktop-breadcrumbs" class="sc-b64144e9-1 isywOc"><li class="sc-b64144e9-2 jQDfAY"><a href="https://fortune.com/companies/" target="_self" class="sc-19cc8fd2-0 hCpVMN styled-custom-link"><span class="sc-b64144e9-3 efRLEe">Companies</span></a></li><li class="sc-b64144e9-2 jQDfAY"><span aria-current="page" class="sc-b64144e9-3 eOuSvS">Adidas</span></li></ol></nav><div class="sc-bbcf577f-5 hMdxWx"><div><h1 data-cy="company-page-company-title" class="sc-3358ecfd-0 sc-bbcf577f-1 fqHNIc joPFjT">Adidas</h1><div class="sc-70173bb8-0 jAqVGE tradingview-widget-container" data-cy="company-page-trading-view-container"><div class="sc-7b315448-0 dUIoEt"></div></div></div><div data-cy="company-page-accolades-wrapper" class="sc-b2908663-0 eJshGc"><h2 data-cy="company-page-accolades-title" class="sc-3358ecfd-0 sc-44f66d32-1 dbByHx fJtxZV">Adidas in Fortune Rankings</h2><a href="https://fortune.com/europe/ranking/fortune500-europe/" target="_self" data-cy="" class="sc-19cc8fd2-0 kspHIT"><div class="sc-2a9b5e8d-0 dMmpaF ranking-single-item"><label data-cy="" class="sc-601b3a39-0 casMnY">178</label><span class="sc-2a9b5e8d-1 iZaAsl label" data-cy="">Fortune 500 Europe</span></div></a></div></div><div class="sc-bbcf577f-2 iBtjjC"><div class="sc-2634ecbe-5 enAlkS tab-list "><div role="tablist" aria-label="Tab List" data-cy="company-page-company-information" class="sc-2634ecbe-7 JwjWS tabs-wrapper tabs"><div role="presentation" class="sc-2634ecbe-2 cWQGEF tab-controls"><button role="tab" class="sc-2634ecbe-1 gSvRYe prev disabled " aria-label="Previous Button for Tab List" data-cy="next-arrow"><span class="arrow"></span></button><div class="sc-2634ecbe-0 iNxfKM"><button class="sc-2634ecbe-4 keeVQb tabs" aria-selected="true" role="tab" data-cy="company-page-company-information-0" id="tab-0" tabindex="0" aria-controls="tab-0">Company Information</button><button class="sc-2634ecbe-4 keeVQb tabs" aria-selected="false" role="tab" data-cy="company-page-company-information-1" id="tab-1" tabindex="-1" aria-controls="tab-1">Key Financials (last Fiscal Year)</button><button class="sc-2634ecbe-4 keeVQb tabs" aria-selected="false" role="tab" data-cy="company-page-company-information-2" id="tab-2" tabindex="-1" aria-controls="tab-2">Profit Ratios</button><button class="sc-2634ecbe-4 keeVQb tabs" aria-selected="false" role="tab" data-cy="company-page-company-information-3" id="tab-3" tabindex="-1" aria-controls="tab-3">World's Most Admired Companies</button></div><button role="tab" class="sc-2634ecbe-1 gSvRYe next " aria-label="Next Button for Tab List" data-cy="next-arrow"><span class="arrow"></span></button></div><div class="dropdown-controls" role="tab"><div class="sc-bb881aaa-0 gAykSk " data-cy=""><button type="button" role="combobox" id="" aria-label="Selected list item Company Information" aria-controls="listbox" aria-haspopup="listbox" aria-expanded="false" title="Company Information" class="sc-bb881aaa-2 bJdemX -button " data-cy="-button"><span>Company Information</span></button><ul role="listbox" aria-labelledby="listbox_level" id="listbox" tabindex="-1" data-cy="undefined-list" class="sc-bb881aaa-3 jgrvkj"><li role="option" aria-selected="true" tabindex="-1" class="sc-bb881aaa-4 bycthP">Company Information</li><li role="option" aria-selected="false" tabindex="-1" class="sc-bb881aaa-4 byezFR">Key Financials (last Fiscal Year)</li><li role="option" aria-selected="false" tabindex="-1" class="sc-bb881aaa-4 byezFR">Profit Ratios</li><li role="option" aria-selected="false" tabindex="-1" class="sc-bb881aaa-4 byezFR">World's Most Admired Companies</li></ul></div></div></div><div class="panel" data-cy="-panel"><section id="tabpanel-0" data-cy="-0" role="tabpanel" tabindex="0" aria-labelledby="tab-0" class="sc-2634ecbe-6 dJBlJR section-content "></section><section id="tabpanel-1" data-cy="-1" role="tabpanel" tabindex="0" aria-labelledby="tab-1" class="sc-2634ecbe-6 dJBlJR section-content is-hidden"></section><section id="tabpanel-2" data-cy="-2" role="tabpanel" tabindex="0" aria-labelledby="tab-2" class="sc-2634ecbe-6 dJBlJR section-content is-hidden"></section><section id="tabpanel-3" data-cy="-3" role="tabpanel" tabindex="0" aria-labelledby="tab-3" class="sc-2634ecbe-6 dJBlJR section-content is-hidden"></section></div></div></div><div class="sc-ae55e816-11 mvXiy"><div class="sc-ae55e816-10 kFfAft simple"></div></div><div class="sc-bbcf577f-7 hGDYUM"><h2 data-cy="company-page-accolades-title" class="sc-3358ecfd-0 sc-44f66d32-1 dbByHx fJtxZV">Adidas stock chart</h2></div><div class="sc-bbcf577f-4 izfRFg"></div><div class="sc-ae55e816-11 mvXiy"><div class="sc-ae55e816-10 kFfAft simple"></div></div><div class="sc-bbcf577f-7 dhSoYy"><h2 data-cy="company-videos-title" class="sc-3358ecfd-0 sc-44f66d32-1 dbByHx fJtxZV">Videos</h2><div data-cy="company-videos-container" class="sc-4e14948d-3 kUCHIm"></div></div></div></main><footer class="sc-f19f6d8d-0 VSjGq"><nav data-cy="footer-navigation" class="sc-f19f6d8d-1 lmdIU"><div class="sc-f19f6d8d-3 hIkNXl rankings" data-cy="footer-navigation-link-wrapper"><div data-cy="footer-navigation-section-title" class="sc-f19f6d8d-4 hZBwau">Rankings</div><div class="sc-f19f6d8d-2 dybSZs"><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/best-companies/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to 100 Best Companies" class="sc-19cc8fd2-0 kspHIT">100 Best Companies</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/fortune500/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Fortune 500" class="sc-19cc8fd2-0 kspHIT">Fortune 500</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/global500/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Global 500" class="sc-19cc8fd2-0 kspHIT">Global 500</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/europe/ranking/fortune500-europe/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Fortune 500 Europe" class="sc-19cc8fd2-0 kspHIT">Fortune 500 Europe</a></li></ul><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/most-powerful-women/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Most Powerful Women" class="sc-19cc8fd2-0 kspHIT">Most Powerful Women</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/future-50/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Future 50" class="sc-19cc8fd2-0 kspHIT">Future 50</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/worlds-most-admired-companies/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to World’s Most Admired Companies" class="sc-19cc8fd2-0 kspHIT">World’s Most Admired Companies</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ranking/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to See All Rankings" class="sc-19cc8fd2-0 kspHIT">See All Rankings</a></li></ul></div></div><div class="sc-f19f6d8d-3 hIkNXl sections" data-cy="footer-navigation-link-wrapper"><div data-cy="footer-navigation-section-title" class="sc-f19f6d8d-4 hZBwau">Sections</div><div class="sc-f19f6d8d-2 dybSZs"><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/finance/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Finance" class="sc-19cc8fd2-0 kspHIT">Finance</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/leadership/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Leadership" class="sc-19cc8fd2-0 kspHIT">Leadership</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/success/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Success" class="sc-19cc8fd2-0 kspHIT">Success</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/tech/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Tech" class="sc-19cc8fd2-0 kspHIT">Tech</a></li></ul><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/asia/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Asia" class="sc-19cc8fd2-0 kspHIT">Asia</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/europe/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Europe" class="sc-19cc8fd2-0 kspHIT">Europe</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/environment/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Environment" class="sc-19cc8fd2-0 kspHIT">Environment</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/crypto/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Fortune Crypto" class="sc-19cc8fd2-0 kspHIT">Fortune Crypto</a></li></ul><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/health/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Health" class="sc-19cc8fd2-0 kspHIT">Health</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/well/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Well" class="sc-19cc8fd2-0 kspHIT">Well</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/retail/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Retail" class="sc-19cc8fd2-0 kspHIT">Retail</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/lifestyle/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Lifestyle" class="sc-19cc8fd2-0 kspHIT">Lifestyle</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/politics/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Politics" class="sc-19cc8fd2-0 kspHIT">Politics</a></li></ul><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/newsletters/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Newsletters" class="sc-19cc8fd2-0 kspHIT">Newsletters</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/magazine/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Magazine" class="sc-19cc8fd2-0 kspHIT">Magazine</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/features/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Features" class="sc-19cc8fd2-0 kspHIT">Features</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/commentary/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Commentary" class="sc-19cc8fd2-0 kspHIT">Commentary</a></li></ul><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/mpw/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to MPW" class="sc-19cc8fd2-0 kspHIT">MPW</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/ceoi" target="_self" data-cy="footer-navigation-link" aria-label="footer link to CEO Initiative" class="sc-19cc8fd2-0 kspHIT">CEO Initiative</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/conferences/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Conferences" class="sc-19cc8fd2-0 kspHIT">Conferences</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/section/personal-finance/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Personal Finance" class="sc-19cc8fd2-0 kspHIT">Personal Finance</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/education/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Education" class="sc-19cc8fd2-0 kspHIT">Education</a></li></ul></div></div><div class="sc-f19f6d8d-3 hIkNXl customer" data-cy="footer-navigation-link-wrapper"><div data-cy="footer-navigation-section-title" class="sc-f19f6d8d-4 hZBwau">Customer Support</div><div class="sc-f19f6d8d-2 dybSZs"><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/customerservice/#faq" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Frequently Asked Questions" class="sc-19cc8fd2-0 kspHIT">Frequently Asked Questions</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/customerservice/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Customer Service Portal" class="sc-19cc8fd2-0 kspHIT">Customer Service Portal</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/privacy-policy/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Privacy Policy" class="sc-19cc8fd2-0 kspHIT">Privacy Policy</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/terms-of-use/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Terms of Use" class="sc-19cc8fd2-0 kspHIT">Terms of Use</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://order.emags.com/fortune_single_issues" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Single Issues for Purchase" class="sc-19cc8fd2-0 kspHIT">Single Issues for Purchase</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/international-print-magazine-only-subscribers/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to International Print" class="sc-19cc8fd2-0 kspHIT">International Print</a></li></ul></div></div><div class="sc-f19f6d8d-3 hIkNXl commercial" data-cy="footer-navigation-link-wrapper"><div data-cy="footer-navigation-section-title" class="sc-f19f6d8d-4 hZBwau">Commercial Services</div><div class="sc-f19f6d8d-2 dybSZs"><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://brand-studio.fortune.com/fortune-brand-studio/fbs-portfolio/?prx_t=Q4gFAAAAAAovEQA" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Fortune Brand Studio" class="sc-19cc8fd2-0 kspHIT">Fortune Brand Studio</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/analytics" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Fortune Analytics" class="sc-19cc8fd2-0 kspHIT">Fortune Analytics</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/conferences" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Fortune Conferences" class="sc-19cc8fd2-0 kspHIT">Fortune Conferences</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/advertising/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Advertising" class="sc-19cc8fd2-0 kspHIT">Advertising</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/business-development/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Business Development" class="sc-19cc8fd2-0 kspHIT">Business Development</a></li></ul></div></div><div class="sc-f19f6d8d-3 hIkNXl about" data-cy="footer-navigation-link-wrapper"><div data-cy="footer-navigation-section-title" class="sc-f19f6d8d-4 hZBwau">About Us</div><div class="sc-f19f6d8d-2 dybSZs"><ul class="sc-4ebe8201-0 fWvSQY"><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/about-us/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to About Us" class="sc-19cc8fd2-0 kspHIT">About Us</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/editorial-calendar/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Editorial Calendar" class="sc-19cc8fd2-0 kspHIT">Editorial Calendar</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/press-center/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Press Center" class="sc-19cc8fd2-0 kspHIT">Press Center</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://boards.greenhouse.io/fortune/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Work at Fortune" class="sc-19cc8fd2-0 kspHIT">Work at Fortune</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/workplace/diversity-inclusion" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Diversity and Inclusion" class="sc-19cc8fd2-0 kspHIT">Diversity and Inclusion</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/terms-of-use/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Terms and Conditions" class="sc-19cc8fd2-0 kspHIT">Terms and Conditions</a></li><li class="sc-4ebe8201-1 iZowab"><a href="https://fortune.com/sitemap/" target="_self" data-cy="footer-navigation-link" aria-label="footer link to Site Map" class="sc-19cc8fd2-0 kspHIT">Site Map</a></li></ul></div></div></nav><div class="sc-f19f6d8d-5 cEViLJ"><div data-cy="footer-disclaimer" class="sc-f19f6d8d-6 dWumMM"><p>© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our <a href="https://fortune.com/terms-of-use/" target="_self" aria-label="Go to https://fortune.com/terms-of-use/" class="sc-19cc8fd2-0 kspHIT">Terms of Use</a> and <a href="https://fortune.com/privacy-policy/" target="_self" aria-label="Go to https://fortune.com/privacy-policy/" class="sc-19cc8fd2-0 kspHIT">Privacy Policy</a> | <a href="https://fortune.com/california-privacy-policy/#notice" target="_self" aria-label="Go to /california-privacy-policy/#notice" class="sc-19cc8fd2-0 kspHIT">CA Notice at Collection and Privacy Notice</a> | <a href="javascript:Optanon.ToggleInfoDisplay();" target="_self" aria-label="Go to javascript:Optanon.ToggleInfoDisplay();" rel="noopener" class="sc-19cc8fd2-0 kspHIT">Do Not Sell/Share My Personal Information</a><br/> FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.</p></div><ul data-cy="social-list" class="sc-939609ec-0 iknoDJ"><li class="sc-939609ec-1 esXRgm"><a href="https://www.facebook.com/FortuneMagazine/" target="_self" data-cy="facebook-icon" aria-label="Go to our facebook profile" class="sc-19cc8fd2-0 kspHIT"><svg width="7" height="13" viewBox="0 0 7 13" fill="#666666" xmlns="http://www.w3.org/2000/svg"><path d="M4.78788 2.59186C4.54545 2.59186 4.30303 2.83428 4.30303 3.25852V4.59186H6.66667V6.59186H4.24242V12.5312H2V6.65246H0V4.65246H2V3.50095C2 1.80398 3.21212 0.53125 4.78788 0.53125H6.66667V2.59186H4.78788Z" fill=""></path></svg></a></li><li class="sc-939609ec-1 esXRgm"><a href="https://twitter.com/FortuneMagazine/" target="_self" data-cy="twitter-icon" aria-label="Go to our twitter profile" class="sc-19cc8fd2-0 kspHIT"><svg width="24" height="25" viewBox="0 0 24 25" fill="#666666" xmlns="http://www.w3.org/2000/svg"><path d="M18.901 1.68457H22.581L14.541 10.8746L24 23.3776H16.594L10.794 15.7936L4.156 23.3776H0.474L9.074 13.5476L0 1.68557H7.594L12.837 8.61757L18.901 1.68457ZM17.61 21.1756H19.649L6.486 3.77157H4.298L17.61 21.1756Z" fill=""></path></svg></a></li><li class="sc-939609ec-1 esXRgm"><a href="https://www.linkedin.com/company/fortune-magazine/" target="_self" data-cy="linkedin-icon" aria-label="Go to our linkedin profile" class="sc-19cc8fd2-0 kspHIT"><svg width="24" height="25" viewBox="0 0 24 25" fill="#666666" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M3.51562 0.53125H20.4844C22.4227 0.53125 24 2.10852 24 4.04688V21.0156C24 22.954 22.4227 24.5312 20.4844 24.5312H3.51562C1.57727 24.5312 0 22.954 0 21.0156V4.04688C0 2.10852 1.57727 0.53125 3.51562 0.53125ZM5.67188 19.5625H8.48438V9.71875H5.67188V19.5625ZM8.48438 8.3125H5.67188V5.5H8.48438V8.3125ZM15.5156 19.5625H18.3281V13.4541C18.3281 11.4319 16.7199 9.72076 14.8125 9.71875C14.1595 9.71875 13.7281 9.87939 13.2557 10.0553C13.0815 10.1202 12.9017 10.1871 12.7031 10.2488V9.71875H9.89062V19.5625H12.7031V13.9375C12.7031 13.1622 13.3341 12.5312 14.1094 12.5312C14.8846 12.5312 15.5156 13.1622 15.5156 13.9375V19.5625Z" fill=""></path></svg></a></li><li class="sc-939609ec-1 esXRgm"><a href="https://www.instagram.com/fortunemag/" target="_self" data-cy="instagram-icon" aria-label="Go to our instagram profile" class="sc-19cc8fd2-0 kspHIT"><svg width="12" height="13" viewBox="0 0 12 13" fill="#666666" xmlns="http://www.w3.org/2000/svg"><path d="M11.9464 4.06696C11.9464 3.58482 11.8393 3.04911 11.6786 2.62054C11.5179 2.19196 11.3036 1.87054 10.9821 1.54911C10.6607 1.22768 10.3393 1.01339 9.91072 0.852679C9.42857 0.691964 8.94643 0.584821 8.46429 0.584821C7.82143 0.53125 7.60714 0.53125 6 0.53125C4.39286 0.53125 4.17857 0.53125 3.53571 0.584821C3.05357 0.584821 2.51786 0.691964 2.08929 0.852679C1.66071 1.01339 1.33929 1.22768 1.01786 1.54911C0.696429 1.87054 0.482143 2.19196 0.321429 2.62054C0.160714 3.10268 0.0535714 3.58482 0.0535714 4.06696C1.11759e-08 4.70982 0 4.92411 0 6.53125C0 8.13839 1.11759e-08 8.35268 0.0535714 8.99554C0.0535714 9.47768 0.160714 10.0134 0.321429 10.442C0.482143 10.8705 0.696429 11.192 1.01786 11.5134C1.33929 11.8348 1.66071 12.0491 2.08929 12.2098C2.57143 12.3705 3.05357 12.4777 3.53571 12.4777C4.17857 12.5313 4.39286 12.5313 6 12.5313C7.60714 12.5313 7.82143 12.5313 8.46429 12.4777C8.94643 12.4777 9.48214 12.3705 9.91072 12.2098C10.7143 11.8884 11.3571 11.2455 11.6786 10.442C11.8393 9.95982 11.9464 9.47768 11.9464 8.99554C12 8.35268 12 8.13839 12 6.53125C12 4.92411 11.9464 4.70982 11.9464 4.06696ZM10.875 8.99554C10.875 9.37054 10.8214 9.74554 10.6607 10.1205C10.4464 10.6563 10.0179 11.0848 9.53572 11.2455C9.16072 11.3527 8.78572 11.4598 8.41072 11.4598C7.76786 11.5134 7.60714 11.5134 5.94643 11.5134C4.28572 11.5134 4.125 11.5134 3.48214 11.4598C3.10714 11.4598 2.73214 11.4062 2.35714 11.2455C2.08929 11.1384 1.875 10.9777 1.66071 10.817C1.44643 10.6027 1.28571 10.3884 1.23214 10.1205C1.125 9.74554 1.01786 9.37054 1.01786 8.99554C0.964286 8.35268 0.964286 8.19196 0.964286 6.53125C0.964286 4.87054 0.964286 4.70982 1.01786 4.06696C1.01786 3.69196 1.07143 3.31696 1.23214 2.94196C1.33929 2.67411 1.5 2.45982 1.66071 2.24554C1.875 2.03125 2.08929 1.87054 2.35714 1.81696C2.73214 1.70982 3.10714 1.60268 3.48214 1.60268C4.125 1.54911 4.28572 1.54911 5.94643 1.54911C7.60714 1.54911 7.76786 1.54911 8.41072 1.60268C8.78572 1.60268 9.16072 1.65625 9.53572 1.81696C9.80357 1.92411 10.0179 2.08482 10.2321 2.24554C10.4464 2.45982 10.6071 2.67411 10.6607 2.94196C10.7679 3.31696 10.875 3.69196 10.875 4.06696C10.9286 4.70982 10.9286 4.87054 10.9286 6.53125C10.9286 8.19196 10.875 8.35268 10.875 8.99554ZM5.94643 3.42411C4.23214 3.42411 2.83929 4.81696 2.83929 6.53125C2.83929 8.24554 4.23214 9.63839 5.94643 9.63839C7.66072 9.63839 9.05357 8.24554 9.05357 6.53125C9.05357 4.81696 7.66072 3.42411 5.94643 3.42411ZM5.94643 8.56697C4.82143 8.56697 3.91071 7.65625 3.91071 6.53125C3.91071 5.40625 4.82143 4.49554 5.94643 4.49554C7.07143 4.49554 7.98214 5.40625 7.98214 6.53125C7.98214 7.65625 7.07143 8.56697 5.94643 8.56697ZM9.91072 3.31696C9.91072 3.69196 9.58929 4.06696 9.16072 4.06696C8.73214 4.06696 8.41072 3.74554 8.41072 3.31696C8.41072 2.88839 8.73214 2.56696 9.16072 2.56696C9.58929 2.56696 9.91072 2.88839 9.91072 3.31696Z" fill=""></path></svg></a></li><li class="sc-939609ec-1 esXRgm"><a href="https://www.pinterest.com/fortunemagazine/" target="_self" data-cy="pinterest-icon" aria-label="Go to our pinterest profile" class="sc-19cc8fd2-0 kspHIT"><svg width="10" height="13" viewBox="0 0 10 13" fill="#666666" xmlns="http://www.w3.org/2000/svg"><path d="M5.44765 9.23505C4.71716 9.17768 4.41042 8.81581 3.8378 8.46782C3.52281 10.12 3.13807 11.704 1.99809 12.5312C1.64559 10.0345 2.51445 8.15882 2.91794 6.16835C2.23021 5.01075 3.00044 2.68091 4.45167 3.25465C6.23589 3.96077 2.90557 7.55883 5.14166 8.00807C7.47524 8.47682 8.42848 3.95814 6.981 2.48817C4.88966 0.366451 0.892979 2.43942 1.38422 5.47762C1.50422 6.22085 2.27183 6.44623 1.69172 7.47146C0.352987 7.17446 -0.046756 6.11886 0.00424315 4.7115C0.0878668 2.40792 2.07421 0.795069 4.06805 0.571573C6.58876 0.289577 8.95422 1.49706 9.28122 3.86777C9.64871 6.54447 8.14348 9.4428 5.44803 9.23468L5.44765 9.23505Z" fill=""></path></svg></a></li></ul></div></footer></div><div class="sc-34036c4b-0 jLaGwN bottom-paywall-selector"></div></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"arcSpanPageConfig":{"LoginStatus":false,"classifications_watson":{"categories":"$alchemy_taxonomy","concepts":"$alchemy_concepts","keywords":"$alchemy_keywords"},"contentAuthors":[],"contentPublishDate":null,"contentSection":"","contentTags":[],"dayOfWeek":"Thursday","pageType":"company","title":"Adidas"},"company":{"about":null,"accolades":null,"adTags":[],"authorNames":[],"authors":[],"breadcrumbs":{"items":[{"label":"Companies","link":"/companies/"},{"label":"Adidas","link":"/company//company/adidas/"}]},"canonicalUrl":"https://fortune.com/company/adidas/","channel":"adidas","companyInfo":{"Updated":"10/23/24","Footnote":"Figures prepared in accordance with International Accounting Standards. Market value as of Oct. 23, 2023.","Country":"Germany","Headquarters":"Herzogenaurach","Industry":"Apparel","CEO":"Bjørn Gulden","Website":"https://www.adidas-group.com","Ticker":"ADDYY","Company type":"Public","Revenues ($M)":"$23,164","Profits ($M)":"$-81","Market value ($M)":"$46,672","Number of employees":"51,561","gptwProfile":null,"StockQuote":null},"companyRankingLists":[{"category":"Default","hideRanking":false,"color":"#080484","description":"The European edition of the Fortune 500, ranking companies by revenue.","permalink":"https://fortune.com/europe/ranking/fortune500-europe/","rank":178,"slug":"fortune500-europe","title":"Fortune 500 Europe","year":2024,"image":null,"itemDescription":null,"uri":"/europe/ranking/fortune500-europe/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#080484","description":"The first-ever European edition of the Fortune 500, ranking companies by revenue. ","permalink":"https://fortune.com/europe/ranking/fortune500-europe/2023/","rank":160,"slug":"fortune500-europe","title":"Fortune 500 Europe","year":2023,"image":{"src":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","title":"F500 Europe Adidas New York City","alt":"","caption":"","credit":"Courtesy picture alliance via Getty","__typename":"rankingListItemImage"},"itemDescription":"\u003cspan class=\"TextRun SCXW170766099 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003eAdidas ranks 160 with \u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e$24 billion\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e in revenue (down 11.6%). The German\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003ey\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e-\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"TextRun SCXW170766099 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003eheadquartered\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"TextRun SCXW170766099 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"\u003e \u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003eapparel company has 51,777 employees and made a profit of $\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e644 million \u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e(down 74.3%).\u003c/span\u003e\u003c/span\u003e","uri":"/europe/ranking/fortune500-europe/2023/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#0a0a0a","description":"Just as it dominates our economy, Big Tech now dominates Fortune’s annual ranking of corporate reputation.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2022/","rank":null,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2022,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2022/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#ffffff","description":"After a year in which humanity leaned more heavily than ever on tech giants, see which companies topped Fortune's ranking of corporate reputation.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2021/","rank":null,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2021,"image":null,"itemDescription":"\u0026nbsp;","uri":"/ranking/worlds-most-admired-companies/2021/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#000000","description":"For an astounding 13th straight year, Apple claims the top spot in Fortune’s annual ranking of corporate reputation, based on a survey of almost 3,800 executives, directors, and analysts.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2020/","rank":40,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2020,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2020/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#ffe500","description":"This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.","permalink":"https://fortune.com/ranking/global500/2020/","rank":480,"slug":"global500","title":"Fortune Global 500","year":2020,"image":{"src":"https://fortune.com/img-assets/wp-content/uploads/2020/08/G500-2020-480-Adidas-GettyImages-1156687849.jpg","title":"G500-2020-480-Adidas","alt":"G500-2020-480-Adidas","caption":"SHANGHAI, CHINA - 2019/07/17: Customers at a German multinational sportswear corporation Adidas store seen on East Nanjing Road in Shanghai. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images)","credit":"Alex TaiSOPA Images/LightRocket/Getty Images","__typename":"rankingListItemImage"},"itemDescription":"","uri":"/ranking/global500/2020/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#3d3d3d","description":"Here are the World's Most Admired Companies for 2019 as ranked in their industries. See who made the list.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2019/","rank":38,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2019,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2019/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#000000","description":"This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.","permalink":"https://fortune.com/ranking/global500/2019/","rank":481,"slug":"global500","title":"Fortune Global 500","year":2019,"image":null,"itemDescription":null,"uri":"/ranking/global500/2019/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#7777e9","description":"Here are the World's Most Admired Companies for 2018 as ranked in their industries. See who made the list.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2018/","rank":42,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2018,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2018/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#ef3e3d","description":"This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.","permalink":"https://fortune.com/ranking/global500/2018/","rank":480,"slug":"global500","title":"Fortune Global 500","year":2018,"image":null,"itemDescription":null,"uri":"/ranking/global500/2018/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#1baae1","description":"Here’s our look at 57 companies that do well by doing good.","permalink":"https://fortune.com/ranking/change-the-world/2018/","rank":47,"slug":"change-the-world","title":"Change the World","year":2018,"image":null,"itemDescription":null,"uri":"/ranking/change-the-world/2018/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#1baae1","description":"Here are the World's Most Admired Companies for 2017 as ranked in their industries. See who made the list.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2017/","rank":null,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2017,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2017/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#1baae1","description":"Here are the World's Most Admired Companies for 2016 as ranked in their industries. See who made the list.","permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2016/","rank":null,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2016,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2016/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#1baae1","description":null,"permalink":"https://fortune.com/ranking/worlds-most-admired-companies/2014/","rank":null,"slug":"worlds-most-admired-companies","title":"World's Most Admired Companies","year":2014,"image":null,"itemDescription":null,"uri":"/ranking/worlds-most-admired-companies/2014/","__typename":"_ItemRankingListsType"}],"dataTables":[{"changeHeader":"% change","footnote":null,"title":"Key Financials (last Fiscal Year)","valueHeader":"($ Millions)","values":[{"change":"-3.67%","title":"Revenues ($M)","value":"$23,163.9"},{"change":"-112.6%","title":"Profits ($M)","value":"$-81.1"},{"change":"-","title":"Assets ($M)","value":"$19,903"},{"change":"-","title":"Total Stockholder Equity ($M)","value":"$5,059"}]},{"changeHeader":"","footnote":null,"title":"Profit Ratios","valueHeader":null,"values":[{"change":null,"title":"Profit as % of Revenues","value":"-0.35%"},{"change":null,"title":"Profits as % of Assets","value":"-0.41%"},{"change":null,"title":"Profits as % of Stockholder Equity","value":"-1.6%"}]},{"changeHeader":"","footnote":null,"title":"World's Most Admired Companies","valueHeader":null,"values":[{"change":null,"title":"Sector","value":"Consumer Products"},{"change":null,"title":"Industry","value":"Apparel"},{"change":null,"title":"Industry Rank","value":"5"},{"change":null,"title":"Previous Industry Rank","value":"5"},{"change":null,"title":"Overall Score","value":"6.85"},{"change":null,"title":"Innovation","value":"2"},{"change":null,"title":"People Management","value":"7"},{"change":null,"title":"Use of Corporate Assets","value":"8"},{"change":null,"title":"Social Responsibility","value":"6"},{"change":null,"title":"Quality of Management","value":"9"},{"change":null,"title":"Financial Soundness","value":"5"},{"change":null,"title":"Long-Term Investment Value","value":"6"},{"change":null,"title":"Quality of Products/Services","value":"7"},{"change":null,"title":"Global Competitiveness","value":"2"}]}],"databaseId":2139,"dateGmt":"2023-12-17 19:11:07","description":null,"earningReports":[],"executiveProfiles":null,"faq":[],"greatPlaceToWorkRankings":[],"hasPaywall":true,"image":{"altText":"","caption":"","credit":"Courtesy picture alliance via Getty","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","__typename":"companyPageImage"},"keywords":"","link":"https://fortune.com/company/adidas/","metaTitle":"Adidas (ADDYY): Company Profile, Stock Price, News, Rankings","modifiedGmt":"2023-12-17 19:11:07","pageType":"company","paidModules":null,"permalink":"https://fortune.com/company/adidas/","platformCD":"own","prefixedDatabaseId":"co_2139","premiumCategory":{"name":"legacy","premiumCategoryId":1},"primarySection":{"link":"","name":"","primaryPostTagId":-1,"uri":""},"sectionNames":[],"sections":[],"showSponsorMessage":null,"slug":"/company/adidas/","socialAccounts":null,"socialDescription":"","socialTitle":"","sponsorData":null,"stnVideoId":null,"tagNames":[],"tags":[],"thumbnailUrl":"","title":"Adidas","topicNames":[],"topics":[],"url":"https://fortune.com/company/adidas/","vodVideoId":null,"yearFilteredRankings":[{"category":"Default","hideRanking":false,"color":"#080484","description":"The European edition of the Fortune 500, ranking companies by revenue.","permalink":"https://fortune.com/europe/ranking/fortune500-europe/","rank":178,"slug":"fortune500-europe","title":"Fortune 500 Europe","year":2024,"image":null,"itemDescription":null,"uri":"/europe/ranking/fortune500-europe/","__typename":"_ItemRankingListsType"},{"category":"Default","hideRanking":false,"color":"#080484","description":"The first-ever European edition of the Fortune 500, ranking companies by revenue. ","permalink":"https://fortune.com/europe/ranking/fortune500-europe/2023/","rank":160,"slug":"fortune500-europe","title":"Fortune 500 Europe","year":2023,"image":{"src":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","title":"F500 Europe Adidas New York City","alt":"","caption":"","credit":"Courtesy picture alliance via Getty","__typename":"rankingListItemImage"},"itemDescription":"\u003cspan class=\"TextRun SCXW170766099 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003eAdidas ranks 160 with \u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e$24 billion\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e in revenue (down 11.6%). The German\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003ey\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e-\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"TextRun SCXW170766099 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003eheadquartered\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"TextRun SCXW170766099 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"\u003e \u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003eapparel company has 51,777 employees and made a profit of $\u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e644 million \u003c/span\u003e\u003cspan class=\"NormalTextRun SCXW170766099 BCX0\"\u003e(down 74.3%).\u003c/span\u003e\u003c/span\u003e","uri":"/europe/ranking/fortune500-europe/2023/","__typename":"_ItemRankingListsType"}]},"dataLayer":{"pageTypeCG":"company","platformCD":"own","cmsCategoryCD":"company","CMSSubCategoryCD":"companyparent","CompanyCD":"adidas","conTitleCD":"adidas"},"footer":{"footerDisclaimer":"\u003cp\u003e© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our \u003ca href=\"https://fortune.com/terms-of-use/\"\u003eTerms of Use\u003c/a\u003e and \u003ca href=\"https://fortune.com/privacy-policy/\"\u003ePrivacy Policy\u003c/a\u003e | \u003ca href=\"/california-privacy-policy/#notice\"\u003eCA Notice at Collection and Privacy Notice\u003c/a\u003e | \u003ca href=\"javascript:Optanon.ToggleInfoDisplay();\" target=\"_self\"\u003eDo Not Sell/Share My Personal Information\u003c/a\u003e\u003cbr /\u003e\nFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.\u003c/p\u003e\n","footerNav":[{"links":[{"__typename":"MenuItem","label":"100 Best Companies","url":"https://fortune.com/ranking/best-companies/"},{"__typename":"MenuItem","label":"Fortune 500","url":"https://fortune.com/ranking/fortune500/"},{"__typename":"MenuItem","label":"Global 500","url":"https://fortune.com/ranking/global500/"},{"__typename":"MenuItem","label":"Fortune 500 Europe","url":"https://fortune.com/europe/ranking/fortune500-europe/"}],"name":"Footer Rankings 1"},{"links":[{"__typename":"MenuItem","label":"Most Powerful Women","url":"https://fortune.com/ranking/most-powerful-women/"},{"__typename":"MenuItem","label":"Future 50","url":"https://fortune.com/ranking/future-50/"},{"__typename":"MenuItem","label":"World’s Most Admired Companies","url":"https://fortune.com/ranking/worlds-most-admired-companies/"},{"__typename":"MenuItem","label":"See All Rankings","url":"https://fortune.com/ranking/"}],"name":"Footer Rankings 2"},{"links":[{"__typename":"MenuItem","label":"Finance","url":"/section/finance/"},{"__typename":"MenuItem","label":"Leadership","url":"/section/leadership/"},{"__typename":"MenuItem","label":"Success","url":"/section/success/"},{"__typename":"MenuItem","label":"Tech","url":"/section/tech/"}],"name":"Footer Sections 1"},{"links":[{"__typename":"MenuItem","label":"Asia","url":"https://fortune.com/asia/"},{"__typename":"MenuItem","label":"Europe","url":"/europe/"},{"__typename":"MenuItem","label":"Environment","url":"/section/environment/"},{"__typename":"MenuItem","label":"Fortune Crypto","url":"https://fortune.com/crypto/"}],"name":"Footer Sections 2"},{"links":[{"__typename":"MenuItem","label":"Health","url":"/section/health/"},{"__typename":"MenuItem","label":"Well","url":"https://fortune.com/well/"},{"__typename":"MenuItem","label":"Retail","url":"/section/retail/"},{"__typename":"MenuItem","label":"Lifestyle","url":"/section/lifestyle/"},{"__typename":"MenuItem","label":"Politics","url":"/section/politics/"}],"name":"Footer Sections 3"},{"links":[{"__typename":"MenuItem","label":"Newsletters","url":"/section/newsletters/"},{"__typename":"MenuItem","label":"Magazine","url":"/section/magazine/"},{"__typename":"MenuItem","label":"Features","url":"/section/features/"},{"__typename":"MenuItem","label":"Commentary","url":"/section/commentary/"}],"name":"Footer Sections 4"},{"links":[{"__typename":"MenuItem","label":"MPW","url":"/section/mpw/"},{"__typename":"MenuItem","label":"CEO Initiative","url":"https://fortune.com/ceoi"},{"__typename":"MenuItem","label":"Conferences","url":"/section/conferences/"},{"__typename":"MenuItem","label":"Personal Finance","url":"/section/personal-finance/"},{"__typename":"MenuItem","label":"Education","url":"https://fortune.com/education/"}],"name":"Footer Sections 5"},{"links":[{"__typename":"MenuItem","label":"Frequently Asked Questions","url":"https://fortune.com/customerservice/#faq"},{"__typename":"MenuItem","label":"Customer Service Portal","url":"https://fortune.com/customerservice/"},{"__typename":"MenuItem","label":"Privacy Policy","url":"/privacy-policy/"},{"__typename":"MenuItem","label":"Terms of Use","url":"https://fortune.com/terms-of-use/"},{"__typename":"MenuItem","label":"Single Issues for Purchase","url":"https://order.emags.com/fortune_single_issues"},{"__typename":"MenuItem","label":"International Print","url":"https://fortune.com/international-print-magazine-only-subscribers/"}],"name":"Footer Customer Support 1"},{"links":[{"__typename":"MenuItem","label":"Fortune Brand Studio","url":"https://brand-studio.fortune.com/fortune-brand-studio/fbs-portfolio/?prx_t=Q4gFAAAAAAovEQA"},{"__typename":"MenuItem","label":"Fortune Analytics","url":"https://fortune.com/analytics"},{"__typename":"MenuItem","label":"Fortune Conferences","url":"https://fortune.com/conferences"},{"__typename":"MenuItem","label":"Advertising","url":"https://fortune.com/advertising/"},{"__typename":"MenuItem","label":"Business Development","url":"https://fortune.com/business-development/"}],"name":"Footer Commercial Services 1"},{"links":[{"__typename":"MenuItem","label":"About Us","url":"/about-us/"},{"__typename":"MenuItem","label":"Editorial Calendar","url":"https://fortune.com/editorial-calendar/"},{"__typename":"MenuItem","label":"Press Center","url":"https://fortune.com/press-center/"},{"__typename":"MenuItem","label":"Work at Fortune","url":"https://boards.greenhouse.io/fortune/"},{"__typename":"MenuItem","label":"Diversity and Inclusion","url":"https://fortune.com/workplace/diversity-inclusion"},{"__typename":"MenuItem","label":"Terms and Conditions","url":"/terms-of-use/"},{"__typename":"MenuItem","label":"Site Map","url":"/sitemap/"}],"name":"Footer About 1"}],"socialList":[{"type":"facebook","url":"https://www.facebook.com/FortuneMagazine/"},{"type":"twitter","url":"https://twitter.com/FortuneMagazine/"},{"type":"linkedin","url":"https://www.linkedin.com/company/fortune-magazine/"},{"type":"instagram","url":"https://www.instagram.com/fortunemag/"},{"type":"pinterest","url":"https://www.pinterest.com/fortunemagazine/"}]},"headData":{"authors":"","canonicalUrl":null,"databaseId":"2139","dateGmt":"2023-12-17 19:11:07","description":"","faqSchema":"","hasStnVideo":false,"image":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","imageTwitter":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg","jsonLdSchema":"{\"@type\":\"NewsArticle\",\"@context\":[\"https://schema.org\"],\"publisher\":{\"@type\":\"NewsMediaOrganization\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https://fortune.com/static/media/logo.png\"},\"name\":\"Fortune\"},\"headline\":\"Adidas\",\"url\":\"https://fortune.com/company/adidas/\",\"mainEntityOfPage\":\"https://fortune.com/company/adidas/\",\"dateModified\":\"2023-12-17 19:11:07-00:00\",\"datePublished\":\"2023-12-17 19:11:07-00:00\",\"identifier\":2139,\"thumbnailUrl\":\"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg\",\"image\":\"https://fortune.com/img-assets/wp-content/uploads/2023/10/Adidas-GettyImages-1670318062-e1696519134472.jpg\",\"author\":[],\"articleSection\":\"Uncategorized\",\"description\":null}","keywords":"","link":"https://fortune.com/company/adidas/","noIndex":null,"pageType":"company","prefixedDatabaseId":"co_2139","premiumCategory":"legacy","primarySection":"","rssFeedLink":null,"siteName":"Fortune","socialDescription":"","socialTitle":"Adidas","tagNames":[],"title":"Adidas (ADDYY): Company Profile, Stock Price, News, Rankings | Fortune","widgetCss":null},"headerNav":{"domainLogo":null,"leftMenu":[{"id":"cG9zdDo0MTcyNzMx","label":"Home","subMenu":null,"url":"/"},{"id":"cG9zdDozNTcxNTEz","label":"Sections","subMenu":[{"id":"cG9zdDozNTcxNTE0","label":"FORTUNE 500","subMenu":null,"url":"/ranking/fortune500/"},{"id":"cG9zdDozNTcxNTE1","label":"News","subMenu":null,"url":"/the-latest/"},{"id":"cG9zdDozNzE2NjA4","label":"Europe","subMenu":null,"url":"/europe/"},{"id":"cG9zdDozNzQ0ODM3","label":"Asia","subMenu":null,"url":"/asia/"},{"id":"cG9zdDozNTcxNTE2","label":"Tech","subMenu":[{"id":"cG9zdDozNjEwMDMz","label":"AI","subMenu":null,"url":"/tag/artificial-intelligence/"}],"url":"/section/tech/"},{"id":"cG9zdDozNTcxNTE3","label":"Finance","subMenu":[{"id":"cG9zdDozNjEwMDM0","label":"Personal Finance","subMenu":null,"url":"/section/personal-finance/"},{"id":"cG9zdDozNTkwNjUw","label":"Real Estate","subMenu":null,"url":"/tag/real-estate/"},{"id":"cG9zdDozNTcxNTE4","label":"Crypto","subMenu":null,"url":"/crypto/"}],"url":"/section/finance/"},{"id":"cG9zdDozNTcxNTIx","label":"Leadership","subMenu":[{"id":"cG9zdDozNTcxNTIy","label":"Success","subMenu":null,"url":"/section/success/"}],"url":"/section/leadership/"},{"id":"cG9zdDozNTcxNTI3","label":"Well","subMenu":[{"id":"cG9zdDozNTcxNTI5","label":"Life","subMenu":null,"url":"/well/section/life/"},{"id":"cG9zdDozNTcxNTMw","label":"Health","subMenu":null,"url":"/well/section/health/"},{"id":"cG9zdDozNTcxNTMx","label":"Mind","subMenu":null,"url":"/well/section/mind/"},{"id":"cG9zdDozNTcxNTMy","label":"Family","subMenu":null,"url":"/well/section/family/"},{"id":"cG9zdDozNTcxNTMz","label":"Aging Well","subMenu":null,"url":"/well/section/aging-well/"}],"url":"/well/"},{"id":"cG9zdDozNTcxNTQ4","label":"Education","subMenu":[{"id":"cG9zdDozODQzMzYy","label":"Top Business Schools","subMenu":null,"url":"https://fortune.com/education/business/"},{"id":"cG9zdDozODQzMzYz","label":"Top Information Technology and Data Schools","subMenu":null,"url":"https://fortune.com/education/information-technology/"},{"id":"cG9zdDozODQzMzY0","label":"Top Health Schools","subMenu":null,"url":"https://fortune.com/education/health/"}],"url":"/education/"},{"id":"cG9zdDozNTcxNTQ5","label":"Video","subMenu":null,"url":"/videos/"}],"url":"/"},{"id":"cG9zdDozNTcxNTUw","label":"Rankings","subMenu":[{"id":"cG9zdDozNTcxNTU0","label":"FORTUNE 500","subMenu":null,"url":"/ranking/fortune500/"},{"id":"cG9zdDozNTcxNTU1","label":"GLOBAL 500","subMenu":null,"url":"/ranking/global500/"},{"id":"cG9zdDozNTcxNTU2","label":"MOST POWERFUL WOMEN","subMenu":null,"url":"/ranking/most-powerful-women/"},{"id":"cG9zdDozNTcxNTU3","label":"GREAT PLACE TO WORK LISTS","subMenu":null,"url":"/great-place-to-work-rankings/"},{"id":"cG9zdDozNTcxNTU4","label":"BEST MBA PROGRAMS","subMenu":null,"url":"/education/business/best-mba-programs/"},{"id":"cG9zdDozNTg5MTQz","label":"MORE RANKINGS","subMenu":null,"url":"/ranking/"},{"id":"cG9zdDozOTY1NzQx","label":"Fortune Company List","subMenu":null,"url":"https://fortune.com/companies/"}],"url":"/ranking/"},{"id":"cG9zdDozNTcxNTU5","label":"Analytics","subMenu":null,"url":"/analytics"}],"rightMenu":[{"id":"cG9zdDozNTcxNTYw","label":"Newsletters","subMenu":null,"url":"/newsletters/"},{"id":"cG9zdDozNTcxNTYx","label":"Magazine","subMenu":[{"id":"cG9zdDozNTcxNTYy","label":"February/March 2025","subMenu":null,"url":"/packages/february-march-2025/"},{"id":"cG9zdDozNTcxNTYz","label":"December 2024/January 2025","subMenu":null,"url":"/packages/december-2024-january-2025/"},{"id":"cG9zdDozNjkyMTIx","label":"October/November 2024","subMenu":null,"url":"https://fortune.com/packages/october-november-2024/"},{"id":"cG9zdDozNTcxNTY0","label":"August/September 2024","subMenu":null,"url":"/packages/august-september-2024/"},{"id":"cG9zdDozNTg5MTQ1","label":"June/July 2024","subMenu":null,"url":"/packages/june-july-2024/"},{"id":"cG9zdDozNTczMDY5","label":"April/May 2024","subMenu":null,"url":"/packages/april-may-2024/"}],"url":"/magazine/"},{"id":"cG9zdDozNTcxNTY1","label":"Live Media","subMenu":null,"url":"/conferences"},{"id":"cG9zdDozNjgyMTY5","label":"CEO Initiative","subMenu":null,"url":"https://fortune.com/ceoi"}],"rightRailMenu":[{"id":"cG9zdDozNDI0NDc0","label":"The Coins","subMenu":null,"url":"/crypto/section/the-coins/"},{"id":"cG9zdDozNDI0NDc1","label":"Companies","subMenu":null,"url":"/crypto/section/companies/"},{"id":"cG9zdDozNDI0NDc2","label":"Regulators","subMenu":null,"url":"/crypto/section/regulators/"},{"id":"cG9zdDozNDI0NDc3","label":"NFTs \u0026 Culture","subMenu":null,"url":"/crypto/section/nfts-culture/"},{"id":"cG9zdDozNDI0NDg4","label":"Crash Course","subMenu":null,"url":"https://fortune.com/crypto/crash-course/"},{"id":"cG9zdDozNDI0NDg1","label":"More","subMenu":[{"id":"cG9zdDozNDI0NDg5","label":"fortune.com","subMenu":null,"url":"https://fortune.com/"},{"id":"cG9zdDozNDI0NDkw","label":"Video On Demand","subMenu":null,"url":"https://fortune.com/videos/"},{"id":"cG9zdDozNDI0NDkx","label":"Fortune Live Media","subMenu":null,"url":"https://fortune.com/conferences/"},{"id":"cG9zdDozNjgyMTU0","label":"CEO Initiative","subMenu":null,"url":"https://fortune.com/ceoi"},{"id":"cG9zdDozNDI0NDky","label":"Fortune Connect","subMenu":null,"url":"https://fortune.com/connect/"},{"id":"cG9zdDozNDI0NDk0","label":"Fortune Education","subMenu":null,"url":"https://fortune.com/education/"},{"id":"cG9zdDozNDI0NDk2","label":"Fortune Well","subMenu":null,"url":"https://fortune.com/well/"},{"id":"cG9zdDozNDI0NDk3","label":"Fortune Recommends","subMenu":null,"url":"https://fortune.com/recommends/"}],"url":null}],"subDomain":"own","topicNavigation":[{"id":"cG9zdDozNTcxNDQ4","label":"Home","subMenu":null,"url":"/"},{"id":"cG9zdDozNTcxNDQ5","label":"News","subMenu":null,"url":"/the-latest/"},{"id":"cG9zdDozNTcxNDUw","label":"Tech","subMenu":[{"id":"cG9zdDozNjEwMDM2","label":"AI","subMenu":null,"url":"/tag/artificial-intelligence/"}],"url":"/section/tech/"},{"id":"cG9zdDozNTcxNDUx","label":"Finance","subMenu":[{"id":"cG9zdDozNjEwMDM1","label":"Personal Finance","subMenu":null,"url":"/section/personal-finance/"},{"id":"cG9zdDozNTkwNjQ5","label":"Real Estate","subMenu":null,"url":"/tag/real-estate/"},{"id":"cG9zdDozNTg3NTAy","label":"Crypto","subMenu":null,"url":"/crypto/"}],"url":"/section/finance/"},{"id":"cG9zdDozNTcxNDUy","label":"Leadership","subMenu":[{"id":"cG9zdDozNTg3NTA0","label":"Success","subMenu":null,"url":"/section/success/"}],"url":"/section/leadership/"},{"id":"cG9zdDozNTcxNDUz","label":"Well","subMenu":[{"id":"cG9zdDozNTg3NTA1","label":"Life","subMenu":null,"url":"/well/section/life/"},{"id":"cG9zdDozNTg3NTA2","label":"Health","subMenu":null,"url":"/well/section/health/"},{"id":"cG9zdDozNTg3NTA3","label":"Mind","subMenu":null,"url":"/well/section/mind/"},{"id":"cG9zdDozNTg3NTA4","label":"Family","subMenu":null,"url":"/well/section/family/"},{"id":"cG9zdDozNTg3NTA5","label":"Aging Well","subMenu":null,"url":"/well/section/aging-well/"}],"url":"/well/"},{"id":"cG9zdDozODc0Mjgz","label":"Education","subMenu":[{"id":"cG9zdDo0MTcyNzUx","label":"Top Business Schools","subMenu":null,"url":"/education/business/"},{"id":"cG9zdDo0MTcyNzUy","label":"Top Information and Technology Schools","subMenu":null,"url":"/education/information-technology/"},{"id":"cG9zdDo0MTcyNzUz","label":"Top Health Schools","subMenu":null,"url":"/education/health/"}],"url":"/education/"},{"id":"cG9zdDozNTcxNDU1","label":"Fortune 500","subMenu":[{"id":"cG9zdDozOTE2MzAw","label":"FORTUNE SEA 500","subMenu":null,"url":"https://fortune.com/asia/ranking/southeast-asia-500/"},{"id":"cG9zdDozNzE2NjEw","label":"Fortune 500 Europe","subMenu":null,"url":"https://fortune.com/europe/ranking/fortune500-europe/"},{"id":"cG9zdDozNzE2NjEx","label":"Fortune Global 500","subMenu":null,"url":"https://fortune.com/ranking/global500/"},{"id":"cG9zdDozNzE2NjEy","label":"Fortune China 500","subMenu":null,"url":"https://www.fortunechina.com/fortune500/c/2023-07/25/content_436290.htm"}],"url":"/ranking/fortune500/"}]},"isCompanyPage":true,"iterablePageViewData":{"authors":[],"channel":"adidas","contentType":"company","premiumCategory":"legacy","sections":[],"tags":[],"topics":[],"url":"https://fortune.com/company/adidas/"},"latestNews":[{"authors":[{"email":"","image":"","name":"AFP","sameAs":"","type":"Person","uri":"/author/afp/","url":"https://fortune.com/author/afp/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"date":"2025-02-14T05:16:52","eyebrowSectionLabel":"","eyebrowSectionLink":"","postDateGmt":"2025-02-14T10:16:52","title":"Turkey hits Adidas with a $15,000 fine for failing to disclose pigskin use in its trainers","titleLink":"/europe/2025/02/14/turkey-hits-adidas-with-15000-fine-pigskin-use-samba-og-trainers/"},{"authors":[{"email":"emma.burleigh@fortune.com","image":"https://fortune.com/img-assets/wp-content/uploads/2024/01/Emma-Burleigh.jpg?w=150","name":"Emma Burleigh","sameAs":"","type":"Person","uri":"/author/emma-burleigh/","url":"https://fortune.com/author/emma-burleigh/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"date":"2025-02-05T07:00:00","eyebrowSectionLabel":"","eyebrowSectionLink":"","postDateGmt":"2025-02-05T12:00:00","title":"Meet the high school athletes making up to $2,000 a post from brand deals with Adidas and Red Bull","titleLink":"/2025/02/05/high-school-athletes-nil-endorsements-paid-social-media-posts-adidas-nike-red-bull/"},{"authors":[{"email":"","image":"","name":"AFP","sameAs":"","type":"Person","uri":"/author/afp/","url":"https://fortune.com/author/afp/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"date":"2025-01-07T05:18:15","eyebrowSectionLabel":"","eyebrowSectionLink":"","postDateGmt":"2025-01-07T10:18:15","title":"Adidas, H\u0026M and The Gap bought cotton grown by children in India, rights group’s report says","titleLink":"/asia/2025/01/07/adidas-hm-gap-bought-cotton-grown-children-india-transparentem-report/"},{"authors":[{"email":"","image":"","name":"Bloomberg","sameAs":"","type":"Person","uri":"/author/bloomberg/","url":"https://fortune.com/author/bloomberg/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"date":"2024-12-10T20:47:01","eyebrowSectionLabel":"","eyebrowSectionLink":"","postDateGmt":"2024-12-11T01:47:01","title":"Adidas headquarters raided in years-long tax investigation","titleLink":"/2024/12/10/adidas-headquarters-raided-in-years-long-tax-investigation/"},{"authors":[{"email":"","image":"https://fortune.com/img-assets/wp-content/uploads/2022/12/Pringle.jpg?w=150","name":"Eleanor Pringle","sameAs":"","type":"Person","uri":"/author/eleanor-pringle/","url":"https://fortune.com/author/eleanor-pringle/","role":"","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/eleanor-pringle-749096123/","twitterUrl":"","__typename":"AuthorSocialUrlsFields"},"shortIntro":"","__typename":"Co-authors"}],"date":"2024-10-14T09:00:20","eyebrowSectionLabel":"","eyebrowSectionLink":"","postDateGmt":"2024-10-14T13:00:20","title":"Nike’s new CEO Elliott Hill has started: Innovation must be top of his agenda","titleLink":"/2024/10/14/nike-ceo-elliott-hill-problems/"}],"mostPopularNews":[{"authors":[{"name":"AFP","uri":"/author/afp","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/afp/"}],"contentType":null,"date":"2025-01-07T10:18:15","dateFormatted":"January 7, 2025","dateGMT":"2025-01-07T10:18:15","dateGMTFormatted":"January 7, 2025","dateUpdated":"2025-01-07T10:24:38","dateUpdatedFormatted":"January 7, 2025","dateUpdatedGMT":"2025-01-07T15:24:38","dateUpdatedGMTFormatted":"January 7, 2025","excerpt":"An investigation by Transparentem into the working conditions on 90 cotton farms in India between 2022 and 2023 revealed \"widespread use of child labour and illegal adolescent labour\".","eyebrowSectionLabel":"Politics","eyebrowSectionLink":"/section/politics","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2025/01/GettyImages-1734341918-e1736244947438.jpg"},"title":"Adidas, H\u0026amp;M and The Gap bought cotton grown by children in India, rights group’s report says","titleLink":"https://fortune.com/asia/2025/01/07/adidas-hm-gap-bought-cotton-grown-children-india-transparentem-report/?itm_source=parsely-api"},{"authors":[{"name":"Tim Loh","uri":"/author/tim-loh","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/tim-loh/"},{"name":"Bloomberg","uri":"/author/bloomberg","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/bloomberg/"}],"contentType":null,"date":"2024-06-23T15:27:19","dateFormatted":"June 23, 2024","dateGMT":"2024-06-23T15:27:19","dateGMTFormatted":"June 23, 2024","dateUpdated":"2024-06-23T11:27:19","dateUpdatedFormatted":"June 23, 2024","dateUpdatedGMT":"2024-06-23T15:27:43","dateUpdatedGMTFormatted":"June 23, 2024","excerpt":"“He’s managing it in a more intuitive way; it’s hard to see any long-term strategic plan.” ","eyebrowSectionLabel":"Retail","eyebrowSectionLink":"/section/retail","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157812304-e1719155575319.jpg"},"title":"Adidas CEO Bjorn Gulden revived the iconic sports brand by relying on gut instinct—unlike his analytical predecessor","titleLink":"https://fortune.com/2024/06/23/adidas-ceo-bjorn-gulden-samba-shoes-nike-rivalry-euro-2024/?itm_source=parsely-api"},{"authors":[{"name":"Prarthana Prakash","uri":"/author/prarthana-prakash","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/prarthana-prakash/"}],"contentType":null,"date":"2024-03-13T12:06:23","dateFormatted":"March 13, 2024","dateGMT":"2024-03-13T12:06:23","dateGMTFormatted":"March 13, 2024","dateUpdated":"2024-03-13T17:58:43","dateUpdatedFormatted":"March 13, 2024","dateUpdatedGMT":"2024-03-13T21:58:43","dateUpdatedGMTFormatted":"March 13, 2024","excerpt":"Yeezys are just one of the problems Adidas faces, including a slowdown in sales in the sportswear market and an oversupply in North America.","eyebrowSectionLabel":"Retail","eyebrowSectionLink":"/section/retail","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://content.fortune.com/wp-content/uploads/2024/03/GettyImages-1502556781-e1710330705990.jpg"},"title":"Yeezy still weighs heavy on Adidas as the sportswear company faces its first loss in 30 years—but 2024 could finally offer some respite","titleLink":"https://fortune.com/europe/2024/03/13/yeezy-adidas-germany-sportswear-first-net-loss-30-years-sales-samba-gazelle/?itm_source=parsely-api"},{"authors":[{"name":"Tim Loh","uri":"/author/tim-loh","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/tim-loh/"},{"name":"Bloomberg","uri":"/author/bloomberg","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/bloomberg/"}],"contentType":null,"date":"2024-06-17T09:05:16","dateFormatted":"June 17, 2024","dateGMT":"2024-06-17T09:05:16","dateGMTFormatted":"June 17, 2024","dateUpdated":"2024-06-24T09:05:04","dateUpdatedFormatted":"June 24, 2024","dateUpdatedGMT":"2024-06-24T13:05:04","dateUpdatedGMTFormatted":"June 24, 2024","excerpt":"The anonymous letter appeared on the Chinese social media platform Xiaohongshu.","eyebrowSectionLabel":"Retail","eyebrowSectionLink":"/section/retail","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157196928-e1718612871602.jpg"},"title":"Adidas opens probe after receiving anonymous letter alleging corruption in China","titleLink":"https://fortune.com/europe/2024/06/17/adidas-opens-probe-after-receiving-anonymous-letter-alleging-corruption-in-china/?itm_source=parsely-api"},{"authors":[{"name":"AFP","uri":"/author/afp","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/afp/"}],"contentType":null,"date":"2025-02-14T10:16:52","dateFormatted":"February 14, 2025","dateGMT":"2025-02-14T10:16:52","dateGMTFormatted":"February 14, 2025","dateUpdated":"2025-02-14T05:16:52","dateUpdatedFormatted":"February 14, 2025","dateUpdatedGMT":"2025-02-14T10:17:15","dateUpdatedGMTFormatted":"February 14, 2025","excerpt":"In 2020, Turkey's Presidency of Religious Affairs ruled it was \"not permissible to manufacture shoes or garments from pigskin or pigskin hair\".","eyebrowSectionLabel":"Retail","eyebrowSectionLink":"/section/retail","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-1436062253-e1739527240401.jpg"},"title":"Turkey hits Adidas with a $15,000 fine for failing to disclose pigskin use in its trainers","titleLink":"https://fortune.com/europe/2025/02/14/turkey-hits-adidas-with-15000-fine-pigskin-use-samba-og-trainers/?itm_source=parsely-api"}],"pageAdConfig":{"ch":"adidas","cid":"2139","ctype":"company","defaultPath":"fortune","premiumCategory":"legacy","slots":[{"id":"Leaderboard0","index":1,"placementName":"Leaderboard"}],"tags":[],"topics":[],"loginStatus":"guest"},"pianoPageConfig":{"contentSection":"legacy","franchiseWall":true,"pageType":"company","publishDate":"2023-12-17 19:11:07","tags":[]},"previewKey":null,"videos":{"total":2,"videos":[{"videoId":"984cf1d9-dca5-4fb4-90f1-63ad8573b3bc","name":"Impact Initiative 2023: The Path To A Truly Circular Company","slug":"impact-initiative-2023:-the-path-to-a-truly-circular-company","shortDescription":"Tim Brown, Co-founder and Chief Innovation Officer, Allbirds Interviewer: Molly Wood, Molly Wood Media","longDescription":"Tim Brown, Co-founder and Chief Innovation Officer, Allbirds Interviewer: Molly Wood, Molly Wood Media","seoTitle":"Impact Initiative 2023: The Path To A Truly Circular Company","seoDescription":"Tim Brown, Co-founder and Chief Innovation Officer, Allbirds Interviewer: Molly Wood, Molly Wood Media","socialTitle":"Impact Initiative 2023: The Path To A Truly Circular Company","socialDescription":"Tim Brown, Co-founder and Chief Innovation Officer, Allbirds Interviewer: Molly Wood, Molly Wood Media","tags":[{"name":"molly_wood","label":"Molly Wood","type":"tag"},{"name":"tim_brown","label":"Tim Brown","type":"tag"},{"name":"adidas","label":"Adidas","type":"tag"},{"name":"albert","label":"Albert","type":"tag"},{"name":"tim","label":"Tim","type":"tag"},{"name":"moonshot","label":"Moonshot","type":"tag"},{"name":"alan","label":"Alan","type":"tag"}],"categories":[{"name":"Conferences","label":"Conferences","type":"category"},{"parentName":"Conferences","name":"Impact_Initiative","label":"Impact Initiative","type":"category"}],"section":{"name":"Conferences","label":"Conferences","type":"section"},"playlists":["Conferences: All Videos","Conferences: Impact Initiative","Connect: All Videos","Impact Initiative 2023"],"premium":false,"adsAllowed":true,"originalImage":"https://d2byebo1j9i40c.cloudfront.net/984cf1d9-dca5-4fb4-90f1-63ad8573b3bc/Images/posterImage-ver1.png","resizedOriginalImages":["https://d2byebo1j9i40c.cloudfront.net/984cf1d9-dca5-4fb4-90f1-63ad8573b3bc/Images/posterImage-ver1-1280x720.png","https://d2byebo1j9i40c.cloudfront.net/984cf1d9-dca5-4fb4-90f1-63ad8573b3bc/Images/posterImage-ver1-640x360.png"],"originalImageDescription":"Photograph by Rebecca Greenfield/Fortune","resizedSocialImages":[],"hlsFormat":{"extension":"m3u8","videoId":"984cf1d9-dca5-4fb4-90f1-63ad8573b3bc","type":"hlsFormat","version":2,"key":"984cf1d9-dca5-4fb4-90f1-63ad8573b3bc/HLS/video-ver2_master.m3u8","status":"complete"},"srtFormat":{"extension":"vtt","videoId":"984cf1d9-dca5-4fb4-90f1-63ad8573b3bc","type":"srtFormat","version":2,"key":"984cf1d9-dca5-4fb4-90f1-63ad8573b3bc/SRT/captions-ver2.vtt","status":"complete"},"transcript":"After a successful Kickstarter campaign in 2016, all boards launched and quickly became a certified B corporation. Three years ago, they partnered with Adidas to make their first iteration of a low carbon shoe. And in June of this year has announced they've created the world's first net zero carbon shoe here to discuss their Moonshot shoe. Please welcome Albert's co founder and Chief Innovation Officer, Tim Brown. He'll be interviewed by Impact Initiative co chair Molly Wood. Hello again. Thanks so much for joining me, Tim. Thank you for having me. We are going, don't worry, there are photos of the shoe coming shortly in case you haven't seen it. But um I, I want to jump in by asking you about this focus for you as a company and why carbon and why make this attempt at a carbon negative sho Sure. Uh So was founded with the idea that for 50 years, uh we've been making things out of plastic and synthetic materials and there was an opportunity uh in natural materials. Uh We were anchored in the idea that sustainability was our purpose, but what the hell does that mean? Uh And so we started uh anchored in this material innovation and quickly realized that our North Star was carbon uh sustainability. Part of the problem is that word has been pushed and pulled so much to almost be meaningless at this point. Uh And we were able to anchor on the idea that carbon could be our North Star in the way that we created products. So in the same way that calories go on food, we started to label the products that we made with the kilograms of carbon that were emitted in their production. And that was really the beginning of our, of our carbon journey. And all of a sudden, our designers and creators were putting products out into the world and they had effectively uh like a tin of baked beans, uh a score on them. So that was the starting point just out of curiosity, carbon as opposed to what as a well, I mean, I think sustainability means 100 different things. It's about air quality, water quality, animal welfare, biodegradability. And before long, you're not getting out of bed in the morning. It's so confusing, often times with competing incentives and really what you're trying to do is make a pair of shoes. So uh carbon became the focus in the same way that calories isn't the totality of a healthy diet. It's a very, very important North Star unifying metric and that allows us to compare different food groups uh in different places around the world in a consistent way. So the same thing we believe is going to be the future of how we evaluate the products and services that we use and every day. Um And so the result of that and we'll talk about some of the journey, but the result of that at least now is the Moonshot shoe, um, which I think looks like a cozy sweater. Let's have a look. We have some pictures here. Here it is the, is this the, this is the world's first carbon negative shoe as I understand it. Yes. Yeah. Right. And cozy sweater. Do you see it? Do you see it? So, our designers and creators and makers all of a sudden uh their work is effectively getting scored when it goes out into the world. Uh We did a partnership with Adidas uh that landed on a shoe that we released a couple of years ago at 2.94 kg of carbon, about half a hamburger. And our team was like, ok, as we look across the carbon footprint of the product, uh where are the opportunities to go even lower? Um And we were able to, with a partnership with our growing network, New Zealand Merino. Uh we were able to start to measure the out the gate carbon impact of the fiber that we were using realized through regenerative practices. Those numbers were low and in some cases negative. And there was a possibility if you designed and engineered every aspect of the product uh to make uh to make a shoe without offsets. That was uh net 00 My gosh, all of a sudden, this is really, really interesting. Um And the most fervent adopters of this particular methodology uh wasn't the sustainability department, it was the designers and creators that all of a sudden realized this was the path forward. This is the way that we were going to uh to, to continue to be able to talk about objects of desire in the same breath that we talk about sustainability. And this again seems enabled by this focus on a very specific one metric. Like it seems like the magic of what you've done here is create one metric and work toward that metric. The focus is really important. Um Five big buckets within a carbon footprint, the materials, the manufacturing, the transport, the packaging and the end of life all of a sudden, OK. I need to really, really look at every decimal point here. Uh And this is a game of ventures and actually you can, you can make really meaningful impact if you connect the dots here. Uh And that's been our journey. Um And it started really with this connection uh with the growers. So our uh we source wool from the New Zealand Merino Network. It's uh it's about 700 farms in New Zealand, slightly biased but very, I think the most beautiful corner of the world Uh And for the better part of a generation, no one in New Zealand's uh been growing up wanting to be a farmer. In fact, politically, they've been held up as the enemy of the environment, but we're able to partner with this growing network. Tell them that we will pay more for this fiber. Uh And that if it's properly measured, uh that there is uh some incredible opportunities to provide uh low carbon or even negative carbon fiber. Uh And in 24 months, almost 700 of those farms have signed up. Uh And it's an incredible example. I think of this moving quite quickly when you connect the spirit uh of innovation and economic opportunity to the idea of uh of, of making products and doing it now. So it's been an incredibly important thing for us, the other thing you did and I, I do want to give you an opportunity to ask questions. So think of your questions, put your hand up and a runner will come to you. Um One of the things though that I think you did it, that's really interesting is, is effectively open source, this tool kit sort of issue, this challenge to the rest of the um footwear community. I mean, is it specifically about building shoes or are you trying to sort of inspire carbon negative goods? So we've had some success through our history, open sourcing the materials that we use uh with the idea that that could serve our purpose. Uh And the more when we bring an innovation to market, the more people that use it, the more impact uh that we can have. But also with scale the cost come down and we're able to negotiate terms with our suppliers to make that happen. And in the case of Moonshot, again, that open source spirit has been there, the more people that adopt uh an understanding of carbon and an appreciation of, of the ability uh to use this framework to uh make better products with lower impact, the better that will be for everyone, but also for us because we believe we're doing it uh as good, if not better than, than anyone else. Um And also this is the future of how I think we're going to buy and consume. So um that mentality is, is at the core of how we build the business. And so this was uh released as an open source tool kit. Uh It's incredible, the number of people that have, have reached out uh big and small to, to use it. I think I'm yet to meet someone in the fashion industry that doesn't want to work this out. Uh often times the barriers to entry uh and an understanding of how to do that in a complicated economic environment. Um necessitates that we work together and we share. So we're trying to show leadership in that area. Wait, so I want to put a slightly finer point on that. It sounds like it's both altruistic and selfish. Because if you can get people to adopt these methodologies, you, you get past the kind of adoption gap more quickly, you get better economies of scale faster. I I think you, you can't look at this altruistically. You have to look at uh the opportunity to drive your purpose. But also for opportunities for economic economic gain, do not get into a conversation with a farmer and mention the term regenerative agriculture because they will and this has happened to me, they'll boo at you and they won't want to talk uh talk to them about economic opportunity and talk to them about the, the uh the grandchildren boun bouncing on their knee who uh has is counting the days before they can get off the property and tell them actually, no, this is, this is shifting back in your favor. Uh These kids are gonna want to come back and they're gonna see agriculture not as, as a, a historical part of New Zealand and uh but actually part of the future and that's what's happening. And so it's incredibly exciting and the language and the way that we talk about this is as important as the science that underpins it. Are there questions in the audience yet? No. OK. Oh Alan has one. Thank you. Uh You talked about the five big buckets uh materials manufacturing transport. I forgot what the last two were but, but I got hung up on the third. How do you get the carbon out of the transportation system that you have to use to deliver these issues? Well, look, it's, it's, it's, it's all about looking at this, at scale for us uh in really, really simple terms, air sea shipping and then within the, you know, get this on a boat. Uh and then within the, the sea shipping space at scale biofuels are coming into, into that space and you're able to um aggregate this. And relatively speaking, it's a tiny part of the overall carbon footprint of a pair of shoes that you put on. Generally speaking, we find that about half the number is in the materials a third give or take or even more is in the manufacturing. So it's a relatively small part of the overall carbon uh carbon number that, that constitutes the the final score on the product so that I had a similar question. So the carbon negative determination is inclusive. It's a life cycle and with, it's within, it's within the uh no offsets, it's within the calculation of the product. Uh And it's largely in, in our case driven by the uh the carbon negative merino wool. So wool is a little bit like saying cars, there's a lot of variants. Uh We're now understanding that technology can applied to measure out the gate scores for each property and each property is very different depending on how it's farmed, the cover crops, the, the nuances of the topography in each particular case, once we start to understand that which we are beginning to do, uh you can then incentivize the farmers, uh you can get truly accurate numbers and all of a sudden, uh the playing field is, is a little fairer in terms of the impact of the product at the end of the day. Um So the wool is that negative that it actually it, it serves as an accidental. It's one part of it. Yeah, you've got to look at every part of it. You know, there's a series of other carbon negative materials within, within the product. And then you've got to look at the packaging, you've got to look at every aspect of how, you know, uh of how it's put together. But it is possible. And I think that's exciting. We uh we went to the Global Fashion Summit in Copenhagen to release this product. Uh the preeminent event in the fashion industry. Uh And it was, it was notable for three things. No CEO S were there. Um None of the supplying network, the people that actually make stuff. Uh And no one showed up with an actual object. We spent a lot of time talking about 2050 which is really important. Don't get me wrong. But what are we doing right now? Uh And is the leadership of the business uh there and involved? And are we connecting um that business strategy and that feeling that we have that this is important to the consumer. And I think uh otherwise the criticism would be, there's a lot of people at Copenhagen and possibly even at this event, they are in the business of risk mitigation and the sustainability department is there to, to not get anyone in trouble. And I don't think that's where we need to be. Um I think that we need to think about sustainability as innovation about creativity and we need to balance the, the future with what we can do immediately. And right now and then finally it to that storytelling piece is this why consumers are buying all birds. And August 1 analyst suggested consumers are maybe not as excited about carbon negative uh shoes and said there were slowing sales at all bids. Is that why they're buying or not buying? Do you think a surefire way to not have someone meet you for a beer on a Friday night? Is to say that you want to talk about uh sustainability? That's when your friend will, will run. We, I mean, I will have that beer. You and I, you and I just uh you know, uh people don't buy sustainable products, they buy great ones. I don't think that uh any product or service can lay claim or business can lay claim to being great in this moment in time unless they are thinking deeply about sustainability and the principles of how it applies to their business. Um But let's, let's not get uh put the cart before the horse. You need to make great products, great experiences and you got to look for opportunities where purpose and profit intersect and where great consumer experiences and great product experiences uh can leverage sustainable uh opportunities. That's where we'll move this thing forward. And uh and I'm, I'm incredibly excited. I, I think there's a little bit of a lag between what people feel and what they believe and what's happening. Uh I'm, I'm excited for where we are. Great Tim Brown Ceo of all. Thank you so much. Thank you so much. Appreciate it.","hideTranscript":true,"createdAt":1694629674880,"updatedAt":1694631825158,"irisTag":"conference","videoPublishDate":1694631825158,"duration":{"unit":"seconds","value":826},"destination":{"onDemand":true,"fortune":true}},{"videoId":"ef25c50e-81f8-4a06-8257-9580f968beea","name":"Fortune's Businessperson of the Year List for 2018","slug":"fortune's-businessperson-of-the-year-list-for-2018","shortDescription":"Here are this year's top ten.","tags":[{"name":"Businessperson_of_the_Year","label":"Businessperson of the Year","type":"tag"},{"name":"adidas","label":"adidas","type":"tag"},{"name":"amd","label":"amd","type":"tag"},{"name":"businessperson_of_the_year","label":"businessperson of the year","type":"tag"},{"name":"jensen_huang","label":"jensen huang","type":"tag"},{"name":"lisa_su","label":"lisa su","type":"tag"},{"name":"marry_dillon","label":"marry dillon","type":"tag"},{"name":"michelle_gass","label":"michelle gass","type":"tag"},{"name":"nvidia","label":"nvidia","type":"tag"},{"name":"progressive","label":"progressive","type":"tag"},{"name":"tricia_griffith","label":"tricia griffith","type":"tag"},{"name":"ulta_beauty","label":"ulta beauty","type":"tag"}],"categories":[{"name":"Series","label":"Series","type":"category"},{"parentName":"Series","name":"Magazine_Videos","label":"Magazine Videos","type":"category"}],"section":{"name":"Finance","label":"Finance","type":"section"},"playlists":["Fortune Magazine Features"],"premium":false,"adsAllowed":true,"originalImage":"https://d2byebo1j9i40c.cloudfront.net/ef25c50e-81f8-4a06-8257-9580f968beea/Images/posterImage-ver1.jpg","resizedOriginalImages":["https://d2byebo1j9i40c.cloudfront.net/ef25c50e-81f8-4a06-8257-9580f968beea/Images/posterImage-ver1-1280x720.jpg","https://d2byebo1j9i40c.cloudfront.net/ef25c50e-81f8-4a06-8257-9580f968beea/Images/posterImage-ver1-640x360.jpg"],"resizedSocialImages":[],"hlsFormat":{"extension":"m3u8","videoId":"ef25c50e-81f8-4a06-8257-9580f968beea","type":"hlsFormat","version":2,"key":"ef25c50e-81f8-4a06-8257-9580f968beea/HLS/video-ver2_master.m3u8","status":"complete"},"customVttFormat":{"extension":"vtt","videoId":"ef25c50e-81f8-4a06-8257-9580f968beea","type":"customVttFormat","version":1,"key":"ef25c50e-81f8-4a06-8257-9580f968beea/CustomSRT/customVtt-ver1.vtt","status":"complete"},"customTranscript":"[ MUSIC ] [ MUSIC ] [ MUSIC ] [ BLANK_AUDIO ]","srtFormat":{"videoId":"ef25c50e-81f8-4a06-8257-9580f968beea","type":"srtFormat","version":2,"status":"pending"},"createdAt":1542211825786,"updatedAt":1577449485253,"sponsorTag":"magvideo","videoPublishDate":1542231019444,"duration":{"unit":"seconds","value":50},"destination":{"onDemand":true,"fortune":true}}]}},"__N_SSG":true},"page":"/company/[slug]","query":{"slug":"adidas"},"buildId":"OhrSATThXOBjUgFl3Uiu2","isFallback":false,"isExperimentalCompile":false,"dynamicIds":[39508,6125,28859,8392,19818,6650],"gsp":true,"scriptLoader":[]}</script></body></html>