Adidas plans to sell ailing Reebok business
FRANKFURT/MUNICH: German sportswear company Adidas is planning to sell its Reebok division, Germany’s manager magazin reported on Thursday, as the group seeks to put an end to its ill-fated investment in the U.S.-focused brand. Adidas Chief Executive Kasper Rorsted plans to complete the sale by March 2021, the magazine said, without citing where it obtained […]
Reebok slams CrossFit in outrage over CEO’s tweet
Sports footwear giant Reebok has decided to end its partnership with CrossFit Inc. later this year following an insensitive comment by the fitness organization’s chief executive concerning protests against racial injustice roiling the US. Reebok said Sunday it would make the move once it fulfils its current contract obligation as the title sponsor for the […]