German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S. fitness label to help compete with arch-rival Nike Inc.. | February 20, 2021
Reebok | Benzinga benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
ADIDAS AG (ADDYY) - Adidas To Sell Reebok; CEO Says Shoe Brands Are Better Off Apart benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Master P and Baron Davis are in talks to buy Reebok, Forbes and ESPN reported
Rapper and former NBA All-Star are discussing a deal worth reported $2.4billion
Reebok has struggled to find market share against rivals Nike, New Balance
Adidas bought Reebok in 2005 for $3.8billion; Company now open to selling
Master P said it would be history if Reebok were to be black-owned