Adidas AG is a German multinational corporation that designs and manufactures sports shoes, clothing, and accessories. The company is the largest sportswear manufacturer in Europe and the second-largest in the world, after Nike. Adidas was founded in 1949 by Adolf Dassler, and the company's name is a combination of his nickname, Adi, and the first three letters of his last name. Adidas has a strong brand presence in the global market and sponsors many high-profile athletes and sports teams. The company is committed to sustainability and has set ambitious targets to reduce its environmental impact.