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Adidas agrees to sell Reebok for $2.5 billion to a company aiming to go public this summer

Adidas agrees to sell Reebok for $2.5 billion to a company aiming to go public this summer
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Reebok
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Adidas

Companies take on the challenge of increasing diversity, aiding Black-owned businesses

Companies take on the challenge of increasing diversity, aiding Black-owned businesses Shirley Leung © Pat Greenhouse/Globe Staff From left, Daniel Acheampong, Tia Thomson and Yasmin Cruz, Co-founders of Visible Hands VC, are photographed at the Bank of America branch in Nubian Square. The bank has made equity investments in minority-owned venture capital firms like theirs. Not shown is Justin Kang. Turns out, that was the easy part. How companies have deployed the money is proving to be as crucial as how much they’ve promised, or even how much they’ve given out so far. Take, for example, Bank of America, which pledged $1.25 billion over five years toward promoting racial justice and creating economic opportunities for all. The centerpiece of its efforts and where the bulk of the first year’s disbursements have gone is a novel program to fund minority-owned venture capital firms that back under-represented entrepreneurs.

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Gilda-barabino

Sneaker Releases: New Colorful Bape Sta Styles Are on the Way, John Geiger Delivers Ideal Summer GF-01 Colorway & More News

Sneaker Releases: New Colorful Bape Sta Styles Are on the Way, John Geiger Delivers Ideal Summer GF-01 Colorway & More News FN Staff May 21, 2021: A Bathing Ape is brining new colorways of the iconic Bape Sta silhouette to retail as the weather heats up. Arriving May 29 is the color camo Bape Star collection, featuring a wide range of colors, ranging from muted designs with black, blue or green hues, as well as bold options delivered red, purple and pink. All of the looks feature patent leather on the uppers, heels and side branding. All of the shoes come with a $279 retail price and will arrive via Bape.com.

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Reebok Delivers the Iconic Question Low in Colors Reminiscent of the Boston Celtics & More of the Latest Sneaker Releases You Need to Know

Reebok Delivers the Iconic Question Low in Colors Reminiscent of the Boston Celtics & More of the Latest Sneaker Releases You Need to Know FN Staff Reebok is set to release an iteration of the iconic Question Low basketball shoe inspired by its hometown NBA franchise. The Reebok Question Low “Green Toe” dressed in green and white hues reminiscent of the Boston Celtics  will arrive on May 14, marking the shoe’s first release since 2006. The upper is predominantly white and features green throughout, including consuming the shoe’s signature toe cap. The Reebok Question Low “Green Toe” will retail for $120 and will drop

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Reebok-question-low

Adidas set to sell off Reebok

Adidas set to sell off Reebok Urethanes Technology International report Adidas headquarters in Germany. HERZOGENAURACH, Germany Adidas is poised to get rid of a shoe that doesn t quite fit. The company recently disclosed plans to divest the Reebok brand, which it acquired in 2006 for about 3.7 billion. According to details issued as part of Adidas five-year strategy, the company said teh Boston-based Reebok brand has been struggling recently, and likely will be sold at a loss. After careful consideration, we have come to the conclusion that Reebok and Adidas will be able to significantly better realize their growth potential independently of each other, CEO Kasper Rorsted said in a statement. We will work diligently in the coming months to ensure a successful future for the Reebok brand and the team behind it.

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Kasper-rorsted
Reebok
Adidas
Boston-based-reebok
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