Adidas AG (ADR) (OTC: ADDYY) has added another music superstar to its roster.
The German brand announced Thursday that Beyoncé and Adidas are launching a multilayered partnership that makes the music icon a creative partner for the company.
"This is the partnership of a lifetime for me," Beyoncé said in a statement.
"Adidas has had tremendous success in pushing creative boundaries. We share a philosophy that puts creativity, growth and social responsibility at the forefront of business. I look forward to relaunching and expanding Ivy Park on a truly global scale with a proven, dynamic leader."
The partnership will result in the development of new signature footwear, apparel and the relaunch of Beyonce’s Ivy Park brand under Adidas.
Eric Liedtke, an executive board member at Adidas, said the company challenges the status quo and pushes creative limits using an open source approach.
"Beyoncé is an iconic creator but also a proven business leader, and together we have the ability to inspire change and empower the next generation of creators," he said in a statement.
Beyonce joins a loaded Adidas roster of non-athletes that includes Kylie Jenner, Kanye West and Pharrell.
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