Herbert Hainer has spent his 15 years as chief executive of Adidas AG trying to best larger rival Nike Inc. and regain the cool vibe of Adidas’s 1970s heyday. It has been a bumpy ride. The wiry 62-year-old retires this fall after leading the iconic German brand from a market capitalization of €3 billion ($3.4 billion) to roughly €30 billion. Adidas has lifted its earnings guidance for this year four times since April and now...

Source: Wall Street Journal August 30, 2016 14:32 UTC