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Adidas plans to sell ailing Reebok division within months, report says

Adidas plans to sell ailing Reebok division within months, report says

Adidas, the German sportswear company, is planning to sell its Reebok division, German business monthly Manager Magazin reported. MM, without quoting its source, said Adidas CEO Kasper Rorsted plans to complete the sale by March 2021 and US’s VF Corp and China’s Anta Sports were among the interested companies. Adidas bought Reebok for $3.8 billion in 2005 with the aim to take on US archrival Nike.

KCooper
KCooper
Freedom Nuggets
Freedom Nuggets 0 months

Adidas doesn't want to go full-blown woke to get broke. Smart Sell.

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