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.
https://www.business-standard.com/article/international/sportswear-maker-adidas-plans-to-sell-struggling-reebok-brand-121021601237_1.html
https://www.business-standard.com/article/international/sportswear-maker-adidas-plans-to-sell-struggling-reebok-brand-121021601237_1.html