Thread regarding Adidas layoffs

Adidas to sell Reebok to Authentic Brands Group

Adidas AG agreed to sell its underperforming Reebok business to Authentic Brands Group Inc. for up to 2.1 billion euros ($2.5 billion), adding another well-known name to the buyer’s growing lineup of consumer companies.
The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said Thursday in a statement. The deal is expected to close in the first quarter of 2022.

[Bloomberg]

What do you think of this move?

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| 989 views | | 2 replies (last )
Post ID: @OP+1cjkreTV

2 replies (most recent on top)

Hope ABG allows Reebok to reach it's potential without lay-offs

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Post ID: @aick+1cjkreTV

Best move ever. Good luck to Reebok !

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Post ID: @1sdr+1cjkreTV

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