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Adidas

Crédit Lyonnais Sold Adidas To Louis-Dreyfus

Feb, 2000
Herzogenaurach, Germany

In February 2000, Crédit Lyonnais sold Adidas to Louis-Dreyfus for a much higher amount of money than what Tapie owed, 4.485 billion (€683.514 million) francs rather than 2.85 billion (€434.479 million). They also purposely bankrupted Tapie's company that owned Adidas, because only the company had the right to sue them.


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