Citing Huge Losses, Adidas Announces Plans to Dump Reebok

~ From the Braintrust ~

Adidas announced plans to sell or spin-off Reebok, citing a huge decline in sales.

Adidas purchased Reebok 15 years ago for almost $4 billion, but it has been reported Reebok is now worth around $1.2 billion.

Former NBA All-Star Baron Davis and Percy ‘Master P’ Miller have been in talks to purchase Reebok.

Learn more about the sale of Reebok HERE

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David Keech
Author: David Keech

David Keech is a math teacher in Wisconsin Rapids and public address announcer for Abbotsord High School. He officiates basketball, baseball, and softball in central Wisconsin. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]