money & economicsWikipedia1924 · Herzogenaurach, Germany
Puma and Adidas both grew out of one brothers' shoe workshop in a Bavarian town
Adolf and Rudolf Dassler founded a shoe business in July 1924 in Herzogenaurach, Germany, working from their mother's laundry. Their father had been a shoe factory worker, and the brothers were among the first to make sports shoes. In 1936 they took a suitcase of spiked shoes to the Berlin Olympics and persuaded American sprinter Jesse Owens to wear them, the first sponsorship of an African American athlete, and Owens won four gold medals. The business boomed, and by the late 1930s they were selling around 200,000 pairs a year. The brothers later split, with the business divided into two rival companies, Puma under Rudolf and Adidas under Adi, and the rivalry between them shaped the town and the sportswear industry for decades.
The Dassler split created one of the most famous rivalries in sports business, and the two brands still compete for athletes and fans worldwide.
Jesse Owens's 1936 spikes were a much earlier endorsement deal than most people realize, long before modern athlete sponsorships.
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