Company Profiles – Adidas

In the 2007 Annual report, Herbert Hainer the CEO of Adidas discusses some of the issues of the previous year (2007). One of the issues is about the integration of Reebok. Two years ago, Adidas surprised investors with their bid for Reebok. «most (investors) agree that the deal will help to compete against Nike,» was one of the headlines by that time, as well as: «Warren Buffet will continue investing in Nike.»

Hainer responds to some of the concerns, like that of the flat sales of Reebok in 2007.

major management changes at the Reebok brand, like that to improve the US distribution; even stopping supply to the brand’s largest customer where excess inventories had led to a significant decline in profitability… But the real test is still in front of us – making the Reebok brand more relevant to consumers. The brand needs simple messages that stick, and that’s why its 2008 products and marketing strategies focus on two important concepts – fit and choice. Reebok is striving to be the brand that «fits me».

Reebok has sharpened its 2008 product offering by including 893 new fit initiatives throughout its collections … According to the report, sales will grow in nearly all other markets – especially Russia and China – where the brand took over distribution for the first time in 2007.

Another concern is the economic climate in North America which «has deteriorated in recent months.»

– Yes, economic conditions in North America have become more difficult. Nonetheless, I am optimistic we will outperform most of our competitors during this period of relative economic weakness. We are a regionally diversified Group, which is one of our most significant strengths… Today, we have a much broader distribution base and a significantly improved performance product and partnership portfolio in the region. Therefore, I am confident that the adidas brand will again grow in North America in 2008 – although it is likely to be at lower levels than in recent years. At Reebok … growth in this market in 2009.

About the performance of TaylorMade-adidas Golf in 2007 and about the priorities for this business going forward…

… strives to be the best performance golf business in the world. … adidas Golf sales of footwear and apparel grew at double-digit rates for the fifth consecutive year. Segment like-for-like sales, excluding the effects of the Greg Norman Collection wholesale business divestiture, grew 9 % on a currency-neutral basis, driven by increases in all major categories. For 2008, increasing profitability is our top priority. … We sold Maxfli because we now have all the know-how we need to be successful in the premium golf ball category. We are focused on growing our core golf brands: TaylorMade and adidas Golf.

About the financial performance in 2008 (after a solid 2007…):

… We expect high-single-digit currency-neutral sales growth – driven by improvements at all of our brands. Gross margin will range between 47.5 % and 48 %. And our operating margin will expand to at least 9.5 %. Through this strong operational performance, we will increase net income by at least 15 %.

In 2008 there will be additional costs related to the year’s major sporting events. And the company will continue with the share buyback program. Adidas will be able to deliver earnings improvement of at least 15 % -» marking our eighth consecutive year of double-digit earnings growth.»

Since completing the Reebok acquisition (Q1 2006) Adidas has reduced net borrowings by around EUR 1.2 billion. The financial leverage at the end of 2007 is 58.4 %. «We now have flexibility to deliver more aggressive shareholder returns.» Total dividend will be increased by 19 %, » we will return more to shareholders in 2008 than ever before.»

It is interesting to see that Adidas is much to do about style. In the annual report, the executive board members do not wear a tie…There are four members, «each responsible for at least one major business unit within the Group:»

  • Herbert Hainer (previous with Procter & Gamble), joined adidas Germany in 1987, joined the board in 1997 and became CEO in 2001. He is also Deputy Chairman of the Supervisory Board of FC Bayern München AG, Munich, Germany.
  • Glenn Bennett (New Hampshire, USA) began his professional career with Reebok International Ltd. In 1993 (thus long before the acquisition of Reebok) Glenn Bennett joined adidas. In 1997, Glenn Bennett was appointed to the Executive Board where he assumed responsibility for all Footwear, Apparel and Accessories & Gear Operations activities shortly thereafter.
  • Robin J. Stalker (New Zealand) joined adidas AG in 1996, Chief Financial Officer since 2000 and was appointed to the Executive Board, responsible for Finance, in 2001. In 2005, he assumed additional responsibility as Labor Director.
  • Erich Stamminger (Rosenberg, Germany) joined adidas in 1993. He served in numerous marketing positions before becoming Managing Director for Germany. In 1997, he was appointed to the Executive Board and became Head of Global Marketing in 2000. Four years later, he was named President and CEO of adidas North America, while maintaining his position as Head of Global Marketing. In 2006, he was named President and CEO of the adidas brand.

The organization is managed through three main Divisions:

  • AdidAs (69 % of Group sales). With Sport performance … to support athletes in all sports, the sport performance division is mainly focused on four key categories: running, football, basketball and training. «Engineered to perform.» Technological innovation and a commitment to performance are the cornerstones of this division.
    And with Sport Style the adidas sport style division is a leading supplier of authentic sports lifestyle products with its originals line.
  • … during 2007 the previous divisions sport heritage and sport style have been realigned into a single division
  • tAYloRMAde-AdidAs Golf (8 %1) of Group sales) With Taylormade … a leader in the industry and is the number one metalwood supplier. And AdidaS Golf
  • Reebok (23 % of Group sales). Reebok … an American-inspired, global brand that creates and markets sports and lifestyle products built upon a strong heritage and authenticity in sports, fitness and women’s categories. Other brands are: Reebok-ccm Hockey, and Rockport .

When examining the financial figures, the highest growth rates seem to be those achieved during the olympic years (2004, 2000, 1996) … and probably 2008?

H.J.B.

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Browns Socialhouse, Tsawwassen – Restaurant Review

Browns Social House – Tsawwassen branch, which is attached to the Coast Tsawwassen Inn, has been creating quite a stir among Canadian locals and tourists since July 2010. With its great interior design, customers can enjoy their meals in a relaxed and laid back atmosphere.

Browns wouldn’t have joined the ranks of Tsawwassen restaurants if Sean Hodgins did not find one of its branches located at Ironwood Plaza, Richmond. Due to the great impression he got from his find, he chose Browns over other restaurant chains coming up on customer surveys. Mr. Hodgins is the president of Century Group, the franchisee of Browns Tsawwassen.

The previous occupant of the Browns space, which also happens to be a restaurant that operated for 20 years, was easily ousted from people’s minds by the new restaurant. With Browns Tsawwassen’s wonderful features, customers just keep coming back.

Why not? Browns has a vast selection of fine cuisine and beverages, which are reasonably priced without sacrificing taste. Specials are priced under $10 and the restaurant has brunch offers on weekends.

Important: don’t think on going solo on meals at Browns because of their prices. Philip Lago, the manager of Browns Tsawwassen, said in a local paper interview that the meals, with their large servings, are designed to be shared, which contributes to the social ambience.

With a friendly staff and a general design, Browns creates a perfect socializing ambiance. Large groups can mingle in a 14-seater table while couples, who desire more privacy, can use the cozy booths equipped with deluxe leather chairs. If you’ve booked a stay at Coast Tsawwassen Inn, the restaurant is not to be missed.

Browns’ varied décor suggests that the restaurant serves all sorts of clients. It caters to a large variety of clientele in the same manner – like royalty. The staff is excellent at this – whether it’s taking your order or wrapping take-outs.

Another excellent feature Browns has is its great entertainment value. Customers can get a kick out of looking at how their meals are prepared at the kitchen. The boys will never miss the latest games with the restaurant’s flat-screen TVs in the sunken bar and in the men’s room.

DUIs are not to be feared after checking out one of the liveliest Tsawwassen restaurants in town. The attached Coast Tsawwassen Inn provides a shuttle service so customers who consumed alcohol don’t have to drive.

Upon disembarking at the Tsawwassen ferry terminal, Browns Tsawwassen is just eight minutes by car or a leisurely walk from the beach so there is no reason not to try out the restaurant. You won’t miss the place if you check in at Coast Tsawwassen Inn.

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A History of Lladro and Their Porcelain Figurines

The pottery that we know as porcelain was first transformed by the Chinese approximately one thousand years ago. This pottery or porcelain then took hundreds of years to evolve to where it is today. As the process of washing and purifying the clay, adding different materials that permitted the firing at a very high temperature. (Approximately 1400 degrees centigrade.)

The word porcelain came from the term Porcellana, used by Marco Polo to describe the white ceramic figures, he discovered during his historical travel to the Orient. Porcelain was introduced to Europe in the 1500’s.

In the 1700’s the secret of the clay mixture used by the Chinese, was discovered by Johann Bottger and the Dresden Meissen Porcelain became known. Porcelain came to be viewed by the European Royalty, as a highly prized luxury product.

In 1953, from a small farming community near the city of Valencia, Spain came three brothers, Juan, Jose & Vicente Lladro. They attended Valencia School of Arts & Craft, While the family depended on farming for livelihood, the brothers followed their dreams and born abilities of the fine arts. Juan and Jose studied drawing, while Vicente studied sculpting. They built a kiln in their backyard , and began experimenting with the new firing and finishing techniques.

Their first Lladro retail shop, opened in Valencia in 1955, in 1958 they moved from their small workshop at their family home, to a larger factory workshop in a nearby town called Tabernas . A major growth period for Lladro occurred in the 1960’s where the Tabernas workshop was enlarged 7 times.

In the 1970’s, their workshop was as large as the city, now called the city of porcelain. Lladro now employs over 2000 people and maintains retail shops in Europe, New York, Williamsburg, VA, Miami, Beverly Hills, Hong Kong, Sidney to name a few., markets its creations in over 100 countries.

What is the City of Porcelain?

All Lladro figurines are made in the City of Porcelain, a spectacular complex measuring some 100,000 sq. ft. just outside Valencia, Spain. About 2,000 people work there, most of whom are artisans. The complex is comprised of studios, laboratories, warehouses, office buildings,and showroom.

Visit The City of Porcelain

In order to visit the complex where expert artisans make Lladro figurines you must be a Lladro Privilege member. If you are, you can e-mail LLadro providing them with your membership number as stated on your membership card. You must also provide your full name and number of people accompanying you. Also provide the precise date and timeof the planned visit.. LLadro Customer Service will contact you to confirm your visit. They do not accept drop ins.

What is Lladro Privilege?

LLadro have created a unique world of privileges with the access to a growing new collection of exclusive figurines and privileged services. This figurines are only available to the enrolled members, although some are available in the secondary Market,

How can you Tell If A Figurine Is An Authentic Lladro Porcelain?

Lladro is famous for their porcelain which is of the finest quality, Only those figurines that pass strict quality controls are stamped with an identifier burned onto the base of each figurine to guarantee the authenticity of each piece.

Since each piece is made following manual techniques as indicated by tradition, each piece is unique. Despite coming from the same mould, two pieces are never exactly the same even when made by the same artist.

What are Limited Editions?

Limited Editions are collections that are issued in a limited number of copies. These pieces are accompanied by a certificate signed by a member of the Lladro family, accrediting the series number and providing information on the artists taking part in its creation.

Society Member Pieces ?

Society Member Pieces are special figurines made for Society Members only. These began production in 1985 through 2000. The 1985 Figurine was name Little Pal which sold for $85.00 for Society Members only, now if you can find it expect to pay as much as $3500.00 for this same piece.

The Lladro Gres Collection

The Lladro Gres Collection draws its inspiration from the colors of the earth, gres uses glaze deposits on the surface of the piece. When subjected to high temperatures, these glazes never crystallize in an identical manner, showing slightly different color effects. This makes each gres piece in the collection a unique and unrepeatable creation.

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Outsourcing – Is It an Advantage or a Disadvantage?

Outsourcing can be both beneficial and non-beneficial depending on your reason why you choose to outsource. To begin with outsourcing, according to Wikipedia, «is the process of contracting a business function to someone else». But why outsource if the job can be done in your own company by your own employees? Therefore, the reason behind outsourcing plays a vital role in the decision to avail of services outside the company.

Outsourcing is a very popular idea nowadays and there are many companies seeking competitive gain that engage in it. They take advantage of the higher chances of getting ahead as they focus on the company’s core competencies.

Some beneficial gains a company can derive from outsourcing are:

Cost-effective

For a company that is meeting a client expectation on occasional projects, not buying expensive hardware and software just to complete the project means savings if it can be outsourced. Training and spending on staff to learn additional skills for tasks that are seldom assigned is not practical.

Reduced Management Headache

Naturally when you outsource, you get the one that can one hundred percent do the job right and on time for you or you don’t pay. The troubles and costs of trial and error are avoided.

More Time for Core Company Processes

When you outsource, management and staff are able to concentrate on what your business is really all about thereby giving the business the much desired competitive advantage. Outsourcing non-core related tasks or assignments allows a business more time to focus on what could grant the business more strength in terms of positive productivity.

However, it is not always advantageous to outsource. Below are some of the reasons why outsourcing can sometimes work to your disadvantage:

Non-full Control

Because you can’t fully manage the project you choose to outsource, you can’t expect to apply full control over it unlike when it’s your staff that handles the job. Careful selection of a reliable and trusted outsourced services provider is essential.

Risks Involved

There are certain risks that may be involved such as when the outsourced company goes out of business at a time critical to you. Finding and quickly transitioning to a new company may or may not be harmful to your business.

May Cost More

Outsourcing definitely means additional expenses because you will have to pay extra for the job you wish completed. It is important that when you choose to outsource, it is because there’s more gain to be had from it than losses.

Security and Confidentiality Concerns

There is the risk of exposure especially if what’s outsourced is payroll where confidential details such as salaries get to be known by the company that will do the job for you.

A simple research and not regarding outsourcing as a mere money-saving measure may save you the troubles of the disadvantages. Just make sure you have a valid reason in getting the help of an «outsider» and that you have weighed its pros and cons carefully.

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Mexico’s "Los Ninos Heroes" – Heroic Children

The Niños Heroes (Heroic Children) were six teenage military cadets who died defending Mexico at Mexico City’s Chapultepec Castle (which was the Mexican army’s military academy,) from invading forces from the U.S.in the Battle of Chapultepec on September 13, 1847. Mexico has had many heroes through its long and eventful history but conceivably none have mesmerized the thoughts and stirred the hearts to the extent that Los Niños Heros have. These brave young men fought valiantly for their country during the Mexican-American War but sadly, they died defending México’s honor.

These cadets ranged in age from 13 to 19 years of age. Their commanders ordered them to fall back but the cadets did not and instead they resisted the invaders until they were all dead. The six young men refused to relinquish their posts and bravely met the superior forces of the Americans.

· The last survivor Juan Escuitia born in Tepic between 1828 and 1832 was a second lieutenant in an artillery company, and is said to have draped himself with the Mexican flag before jumping to his death to prevent it from being taken by the enemy.

· The other five were Juan de la Barrera, born in Mexico city in 1828 He was the son of an army general who enlisted at the age of 12 and died defending a gun battery at the entrance to the park. He was 19 and the oldest of the six.

· Francisco Marques, born in Guadalajara, Jalisco in 1834 and was the step son of an army cavalry captain. He applied to the Academy on January 14, 1847 and belonged to the first company of cadets. His bullet riddled body was found on the east flank of the hill. He was the youngest of the six;

· Agustin Melgar born in Chihuahua, Chihuahua between 1828 and 1832. He was the son of Esteban Melgar, a lieutenant colonel in the army and Maria de la Luz Sevilla, both of whom died while he was very young and he applied for the Academy on November 4, 1846. He was able to shoot and kill invaders before taking refuge behind some mattresses in one of the rooms but was mortally wounded.

· Fernando Montes de Oca born in Azcapotzalco, Mx., Mexico between 1828 and 1832 to Jose Maria Monted de Oca and Josefa Rodriguez. He applied to the Academy on January 24,01847 and was one of the cadets who remained in the castle. His personal record reads «Killed for his country on 13 September 1847»;

· Vicente Suarezborn in 1882 in Puebla, Puebla and was the son of Miguel Suarez, a cavalry officer and Maria de la Luz Ortega. He applied for admission to the Academy on October 21, 1845 and was killed at his post in hand-to-hand combat.

They were buried in the grounds of Chapultepec Park in an undisclosed location and on September 27, 1952, they were re-interred at the monument top of the Heroic Cadets in Chapultepec.

This grand monument was raised in their honor, «Los Niños Heroes Monument,» and stands proudly at the entrance to Chapultepec Park in Mexico City. This impressive monument was made of Carrara marble by architect Enrique Aragon and sculptor Erlesto Tamariz in 1952.

In 1947, President Harry S. Truman of the United States visited the «Los Niños Heroes» monument where there was a moment of reverential silence observed by the President as a sign of respect for the young boy cadets. When President Truman was asked why he stopped at the monument his response was, «I respect bravery wherever I see it.»

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Arsenal v. Wolves | PREMIER LEAGUE HIGHLIGHTS | 11/02/19 | NBC Sports



Raul Jimenez canceled out Pierre-Emerick Aubameyang’s opener as Arsenal and Wolves finished honors even at the Emirates. #NBCSports #PremierLeague #Arsenal #Wolves #RaulJimenez #PierreEmerickAubameyang
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NBC Sports Group serves sports fans 24/7 with premier live events, insightful studio shows, and compelling original programming. NBC Sports is an established leader in the sports media landscape with an unparalleled collection of sports properties that include the Olympics, NFL, Premier League, NHL, NASCAR, PGA TOUR, the Kentucky Derby, Tour de France, French Open, IndyCar and many more. Subscribe to our channel for the latest sporting news and highlights!

The Premier League across NBC Sports Group launched in 2013 with their biggest and broadest programming commitment to-date in the United States. With live multi-platform coverage of all 380 games, analysis from best-in-class talent and extensive surrounding coverage all week long, NBC Sports Group has become the ultimate destination for new and existing Premier League fans.

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Top 25 Premier League goals of September 2019 | NBC Sports



As September comes to a close, relive the top 25 Premier League goals of the month. #PremierLeague #ManchesterCity #Liverpool #NBCSports
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NBC Sports Group serves sports fans 24/7 with premier live events, insightful studio shows, and compelling original programming. NBC Sports is an established leader in the sports media landscape with an unparalleled collection of sports properties that include the Olympics, NFL, Premier League, NHL, NASCAR, PGA TOUR, the Kentucky Derby, Tour de France, French Open, IndyCar and many more. Subscribe to our channel for the latest sporting news and highlights!

The Premier League across NBC Sports Group launched in 2013 with their biggest and broadest programming commitment to-date in the United States. With live multi-platform coverage of all 380 games, analysis from best-in-class talent and extensive surrounding coverage all week long, NBC Sports Group has become the ultimate destination for new and existing Premier League fans.

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Everton v. Manchester City | PREMIER LEAGUE HIGHLIGHTS | 9/28/19 | NBC Sports



Everton put in a dogged effort against the defending Premier League champions at Goodison Park, but it ultimately wasn’t enough to prevent a Manchester City victory. #NBCSports #PremierLeague #Everton #ManCity
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NBC Sports Group serves sports fans 24/7 with premier live events, insightful studio shows, and compelling original programming. NBC Sports is an established leader in the sports media landscape with an unparalleled collection of sports properties that include the Olympics, NFL, Premier League, NHL, NASCAR, PGA TOUR, the Kentucky Derby, Tour de France, French Open, IndyCar and many more. Subscribe to our channel for the latest sporting news and highlights!

The Premier League across NBC Sports Group launched in 2013 with their biggest and broadest programming commitment to-date in the United States. With live multi-platform coverage of all 380 games, analysis from best-in-class talent and extensive surrounding coverage all week long, NBC Sports Group has become the ultimate destination for new and existing Premier League fans.

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My Epic Diaper Failure

Everybody poops. But babies have a special power, I guess. Well, that’s the only thing that they can do, apart from eating of course, and we all did the same when we were babies too.

I’m Aryan, a young father and a complete novice when it comes to handling babies. I was super thrilled when my daughter Asmi was born. I took her in my arms and she was the size of a soccer ball. I couldn’t believe that Sanya (my wife) and I created such a beautiful thing!

A couple of months passed, waking up in the middle of the night, sleeping during the day, eating scraps at home became a routine (well, when you have a baby, forget about a lavish spread for a meal at home). As well as Sanya was handling being a mother, I was barely able to manage getting around my duties as a father. And the deadliest of them was the diaper change. I heard and saw a lot of tales of dads failing miserably in diaper change but never thought it would be so disastrous for me. Here’s the horror story –

10:30 am on a Tuesday morning. Sanya was busy on her laptop in the study (yeah, awesome of her boss to allow her to work from home till Asmi was about a year old). She was preparing to give a product demo to a prospective client and I knew that it was time for me to step in as the nanny. Asmi usually wakes up at 10:30 am. So I was pacing along the bedroom waiting to hear her cry as she wakes up. Bingo! Asmi did not cry, she screamed… And I was shaking as though I had seen a ghost.

I quickly went to her crib to pick her up and suddenly, my nose exploded! The stench was brutal. It could kill a rodent in a jiffy!! I put her on the bed and against all odds (my inner voice screaming to run) pulled her diaper out. The massacre was unbelievable. Poop all over. I had never seen so much poop in my life! I quickly disposed the dirty diaper, cleaned Asmi (all the time thinking that it will be over soon) and was about to put a fresh diaper, that I heard a sound, it was faint in the beginning but then the volcano erupted (this time a fart, and a really nasty one). All this while Asmi was in a jumpy mood, but the fart changed everything! She suddenly started laughing!! Oh My God, she looked like an angel!! I changed her clothes, gave her a bath and kept her breakfast ready (in my mind I knew that I have to encounter another ordeal in a couple of hours).

Being a parent is not easy. It takes everything you have to care for a baby but that one look at your baby’s face makes you forget every sleepless night, diaper disaster and tantrum that you go through.

What’s your diaper failure story?

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