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Sneaker brawl erupts as Adidas sues Streethouse

Sneaker brawl erupts as Adidas sues Streethouse

Eba Kandovazu

A LEGAL battle between Adidas South Africa and Namibian businessman Roland Jacobs, owner of the Street House stores around the country ensued in the high Court, with the shoe company claiming N$2 million in their lawsuit.

 

According to Adidas, the two parties entered into a partnership in May 2000 where Jacobs would be supplied with footwear, textiles and sport balls from a variety of sport groups for purposes of sale in the Street House stores in Windhoek, Walvis Bay, Swakopmund and Oshakati.

Adidas is claiming that the respondent breached their contract by failing to pay for the shoes delivered, amounting to N$1 969 903. 49.

 

The overdue amount has since been charged at a rent rate of 24 percent per annum, amounting to N$ 32 135 and bringing it to a total N$ 2 002 039.08.
Since the start of the lawsuit Adidas South Africa has terminated the long standing business agreement dating back from 2000.

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