Adidas is a German multinational corporation founded in 1949 that designs and manufactures sports clothing and accessories. It was founded by Adolf "Adi" Dassler and is headquartered in Herzogenaurach, Germany. Adidas has two major competitors, Puma and Nike. It has grown significantly over the years through strategic acquisitions such as Reebok and by sponsoring major sporting events and athletes. The three parallel stripes are the well-known logo and brand identity of Adidas.