Adidas is a German multinational corporation that designs and manufactures sports shoes, active wear and sports accessories. The company was founded in 1924 as a manufacturing company of sports footwear in Herzogenaurach, Germany. In 1948 the two brothers of this manufacturing company both continued operations of their own, Adi Dassler's company grew into adidas and Rudolph Dassler's company grew into PUMA. Adi Dassler's company has grown to a worldwide sports fashion brand, the Adidas Group, which consists of the adidas brand, Reebok sportswear company, TaylorMade-Adidas golf label, Rockport, and 9.1% of FC Bayern Munich. Adidas currently operates in over 150 countries across the globe.