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Adidas Catches Nike in Valuation Race Ahead of CEO Entry: Chart

Adidas AG is sitting second in a market-share battle with Nike Inc., though the imminent arrival of a highly-regarded chief executive has enabled the German sporting-goods maker to catch up with its main competitor in terms of stock valuation. Since the Jan. 18 announcement that Henkel’s Kasper Rorsted will become CEO, Adidas has erased a discount in its price-to-earnings ratio dating back almost two years.