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- Adidas said it will report Reebok as discontinued operations starting with Q1 2021.
footwearnews.com/business/mergers-acquisitions/adidas-sells-reebok-soon-1203107122/
Nov 28, 2022 · With Adidas no longer in control of Reebok, Krinsky outlined the brand’s plans to gain ground in the ultracompetitive athletic marketplace, repeatedly using the word resurrection. The difference...
- Peter Verry
Aug 12, 2021 · adidas announced today that it has entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to € 2.1 billion, with the majority to be paid in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration.
Mar 1, 2022 · adidas announced today that as of February 28, 2022, it has formally completed the divestiture of Reebok to Authentic Brands Group (ABG). In several markets, adidas will continue to operate the business on behalf of ABG during a transition period, following which the Reebok business will fully transfer to ABG’s operating partners via a series ...
May 10, 2022 · A new owner could be an opportunity for the brand to reclaim some of its previous clout. But it's been a long time since Reebok's prime.
- Cara Salpini
Mar 1, 2022 · Authentic Brands Group (ABG) today announced that it has completed the acquisition of Reebok from adidas. As it ushers in its largest acquisition to date, the global brand development, marketing and entertainment company is charting a new path for Reebok.
Aug 13, 2021 · The deal is set to close in Q1 of 2022. Reebok has been owned by Adidas since 2006, when the German sportswear maker purchased the brand for $3.8 billion. However, after years of revenue...
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Aug 12, 2021 · BERLIN, Aug 12 (Reuters) - Adidas (ADSGn.DE) is selling Reebok to Authentic Brands Group (ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its...
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