Adidas AG is a company that manufactures sports shoes and apparel. It was founded in 1924 in Herzogenaurach (Germany) by the Dassler brothers. In 1948 it was split into 2 companies: Adidas and Puma. The company was registered as Adidas AG (AG – abbrev. from German Aktiengesellschaft, i.e. joint-stock company) on 18 August, 1949. The name Adidas derives from the nickname (Adi) and the first three letters of the surname of the company’s founder, Adolf Dassler. Adidas manufactures sports shoes for a variety of purposes, including universal.