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Reebok suspended all branded stores and e-commerce operations in Russia in March

Turkey's FLO in talks for Reebok's Russian stores

Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said today, as Western companies rush to comply with sanctions over the Ukraine conflict.

Business • 16 May 22

The buyback will start in January 2022 and run until 2025, it said

Adidas launches new share buyback

Adidas has said it plans to buy back up to €4 billion of its shares by 2025 and will also return the majority of the cash proceeds from the sale of Reebok.

Business • 16 Dec 21

Over 11 years, ABG has amassed more than 30 labels sold in some 6,000 stores

Adidas sells Reebok to ABG for €2.1bn

Adidas is selling Reebok to Authentic Brands Group (ABG) for up to €2.1 billion as the German sporting goods company concentrates on its core brand after a deal that did not deliver.

Business • 13 Aug 21

Adidas said that more than 95% of its stores have reopened after coronavirus lockdowns

Adidas expects strong rebound, takes Reebok hit

German sportswear maker Adidas has predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, but said its profits will be trimmed by costs associated with divesting the Reebok brand.

Business • 10 Mar 21

Adidas has failed to revive the Reebok 15 years after buying the US fitness label to help compete with archrival Nike

Adidas plans to divest Reebok brand

German sportswear maker Adidas plans to sell or spin-off its under-performing Reebok brand, 15 years after it bought the US fitness label to help compete with arch-rival Nike.

Business • 16 Feb 21

Adidas mulls strategic options for Reebok brand

German sportswear giant Adidas said today it was mulling a sale of its long-struggling US subsidiary Reebok.

Business • 14 Dec 20

CrossFit founder Greg Glassman (right) has stepped down as chief executive after George Floyd comments

CrossFit founder steps down as CEO over Floyd tweet

CrossFit founder Greg Glassman has stepped down as chief executive, days after he apologised for his tweet on the killing of an unarmed black man in the US.

Business • 10 Jun 20

Adidas said its third-quarter net profit rose 15% to €387m on sales up 14% to €5.4 billion

Adidas set to restructure Reebok

German sportswear group Adidas said it would take one-off costs to restructure the Reebok brand and invest in its future growth as it reported sales momentum slowed slightly in the third quarter.

Business • 03 Nov 16

Investor group to launch $2.2bn bid for Reebok

An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas for about $2.2bn, the Wall Street Journal has reported.

Business • 20 Oct 14

Adidas warns of irregularities in Indian Reebok business

Adidas warns of irregularities in Indian business

German sportswear maker Adidas today reported a strong rise in first-quarter profits.

Business • 30 Apr 12

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