Adidas mulls Reebok sale
Dive Brief: After speculation earlier this year that Reebok could be sold off, Adidas confirmed on Monday that it's considering a sale of the smaller brand, along with other "strategic alternatives," which could include Reebok staying with the company. The potential sale comes as part of the retailer's development of its five-year strategy. Both the strategy and the company's decision on whether or not to sell Reebok will be announced on March 10, according to a company press release. Adidas acquired Reebok in 2006 and has been working on turning it around for years. A 2016 turnaround plan he...
Source: retaildive.com