businessbriefs
Topic

Sport

Rule-bound conflict, watched by billions, taken personally.

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10:25
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31 min
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10:56

Adidas

Adolf Dassler · 1924

Adidas is a German multinational athletic apparel and footwear corporation headquartered in Herzogenaurach. It was founded by Adolf Dassler in 1948, following the breakup of the Dassler Brothers Shoe Factory. Adidas makes money selling athletic apparel and footwear. Its revenue in 2024 was €23 billion. It operated 17 factories and generated one billion Deutschmarks in annual sales by 1978. Dassler’s focus on functional footwear innovation worked: he redesigned spiked running shoes, introduced interchangeable screw-in studs for football boots, and secured high-visibility athlete adoption (Jesse Owens, 1936). The three-stripe logo became a registered trademark in 1949 and a scalable visual identifier. The 1924 Dassler Brothers Shoe Factory was a shared venture — not Adidas — and dissolved in 1948 amid a rift. Post-war material shortages forced rapid reconversion from weapons to shoes — yet Adidas hit one billion Deutschmarks in sales by 1978. Adidas shows how a narrow technical advantage — screw-in studs, canvas-rubber spikes, the three-stripe trademark — can anchor decades of manufacturing expansion when paired with strict control over production, branding, and distribution channels. Yes — as a case study in how technical footwear innovation, trademark discipline, and athlete-led validation built industrial scale in post-war Europe — but only if you treat its origin story as a business reconstitution, not a founding myth.

10:16

Ferrari

Enzo Ferrari · 1947

Ferrari’s origin story is not about making cars. It is about racing — and financing that obsession by selling road cars. Its continuity in Formula One is unmatched. Its business model is inverted: the product is the sport; the cars are the means.

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12:57

Meituan

Wang Xing · 2010

Meituan is a Chinese technology company headquartered in Beijing that operates a platform for local services, including on‑demand food delivery, in‑store services, consumer reviews under Dazhong Dianping, hotel and travel bookings, and instant retail. It monetises through fees on its platform, taking a commission on food delivery orders and charging merchants for booking and in‑store services. Meituan’s rapid user growth is driven by its extensive coverage of local services, its integration of food delivery, in‑store services, and hotel bookings creating a one‑stop shop, and its large merchant base of 14.5 million active merchants providing network effects. Meituan faces regulatory scrutiny in China, its 2021 post by Wang Xing triggered a 7.1 % share plunge and anti‑monopoly investigation, and the company has been subject to scrutiny by Beijing Municipal Human Resources and Social Security Bureau. Meituan demonstrates the power of a diversified local‑services platform, its ability to scale across cities and internationally shows the importance of network effects, and its regulatory challenges highlight the need for compliance awareness. Meituan offers a case study in rapid scaling and diversification, but its regulatory risks caution investors.

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10:56

ABB

Charles Eugene Lancelot Brown · 1988

ABB is a post-merger industrial incumbent whose value lies in proven, regulated, physical infrastructure — not software, platforms, or scalability stories.

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10:50

AbbVie

AbbVie didn’t win the autoimmune market with science — it won with patents, pricing, and settlements.