HomeBusinessEntrepreneurAdidas Places Reebok Up for Sale to Focus Completely On Its Model

Adidas Places Reebok Up for Sale to Focus Completely On Its Model

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Reebok is valued at about 973 million {dollars}, after successive devaluations.

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This text was translated from our Spanish edition utilizing AI applied sciences. Errors could exist on account of this course of.


Derived from difficulties for years, Adidas introduced on Tuesday the sale of its US subsidiary Reebok. Via a press release, the German model mentioned that it had determined to begin a proper divestment course of in Reebok as a part of a five-year restoration plan.

There isn’t any info on any potential patrons, however the firm is predicted to announce extra particulars at a gathering on March 10.

“After cautious reflection, we’ve got concluded that Reebok and Adidas will be capable to considerably enhance their progress energy independently,” defined the president of the multinational, Kasper Rorsted by the doc.

1613585264 Depositphotos 253758576 S 2019 Adidas Places Reebok Up For Sale To Focus Completely On Its Model
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“We’ll work diligently within the coming months to make sure a profitable future for the Reebok model and the staff that helps it,” he defined.

Reebok is valued at about 973 million {dollars}, after successive devaluations.

 



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