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Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
Adidas shares were up around 2% in morning trading following Sawe’s performance, although the stock remains down over the year amid broader concerns over tariffs and global macroeconomic pressures.
The share price reaction reflects renewed investor interest in Adidas’ elite performance segment, which has been competing directly with rival Nike in the high-end “supershoe” market.
Sawe completed the race in 1:59:30, breaking the previous world record of 2:00:35 set by the late Kelvin Kiptum in Chicago in 2023. The performance immediately drew attention not only for its sporting significance but also for its commercial impact on the footwear industry.
Adidas claims the Adizero Adios Pro Evo 3 racing shoes are “supershoes” designed with ultra-light materials and carbon-plated technology.
The company said the shoe, weighing around 97 grams, delivers a reported 1.6% improvement in running economy, placing it among the most advanced racing models on the market.
“The Adidas family is incredibly proud of Sebastian and Tigist’s historic achievements,” said Patrick Nava, general manager at Adidas Running.
“This is a testament to the years of hard work and dedication they have made, alongside our innovation team.”
The performance also saw strong results from other elite athletes using the same model, with Ethiopia’s Yomif Kejelcha finishing second in his marathon debut and Tigist Assefa setting a new women-only world record.
The Adizero Adios Pro Evo 3 is set for limited release via the Adidas app, with wider availability expected during the autumn marathon season, although its $500 price tag places it beyond most recreational runners.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th July, covering the latest developments you need to know.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
Kylian Mbappé has become the first player to win the FIFA World Cup Golden Boot on more than one occasion. The French forward won the award presented to the top goalscorer of the tournament for the second time, despite France being knocked out in the semi-finals.
The United States launched fresh strikes against Iran after two U.S. service members were killed in Jordan. U.S. President Donald Trump paid tribute to the fallen troops as Iran warned of further escalation.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
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