Thread regarding Adidas layoffs

I guess "no layoffs" was a deal-breaker

In addition to paying out fees to Adidas for at least several years through a transition services agreement, Adidas was asking ABG to avoid layoffs of Reebok employees, even as it continued to feed Adidas’ sneaker distribution networks, insiders said.

https://nypost.com/2021/07/09/adidas-auction-of-reebok-takes-a-hit-as-key-bidder-authentic-brands-drops-out/

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Post ID: @OP+1bLOtOaF

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  • Which means Layoffs were on the table...
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Post ID: @9pru+1bLOtOaF

Not sure what you mean…. That article implies adidas refused to sell to ABG, because they wouldn’t agree to avoid layoffs…

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Post ID: @4ftr+1bLOtOaF

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