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Image inside Investors eye Reebok buy from Adidas for US$2.2b

By Sniggit - 6 hours ago

Investors eye Reebok buy from Adidas for US$2.2b: Report
A consortium of investors from Hong Kong and Abu Dhabi is interested in buying the Reebok brand from Adidas for €1.7 billion (US$2.2 billion), The Wall Street Journal reported on Sunday (Oct 19).


An Indian delivery man cycles past a Reebok store in Mumbai. (Photo: AFP/File/Indranil Mukherjee)

NEW YORK: A consortium of investors from Hong Kong and Abu Dhabi is interested in buying the Reebok brand from Adidas for €1.7 billion (US$2.2 billion), The Wall Street Journal reported on Sunday (Oct 19).

Sources close to the matter told the business daily that Jynwel Capital chief executive Jho Low was behind the bid, arguing that Reebok would fare better as an independent brand. And funds linked to the Abu Dhabi government plan to communicate soon with Adidas management, the report said.

Adidas bought Reebok in 2006 for US$3.8 billion hoping to pile pressure on US rival Nike. But the German giant still has seen its share of the US market keep shrinking.

It has been a tough year for Adidas. The company slashed its annual net profit forecast to about €650 million (US$870 million). That was much lower than previous guidance for between €830 to €930 million.

- AFP/nd

Channel News Asia

Didnt know where to post, thought yall might be interested

 
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Looks like D wades mixed with Huaraches, I like em :sternmaybe:

Will cop if 120 or less. Or wait til they hit outlets

 
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number 1 on the list is pretty comfortable and I agree is the best out there, but 99$ is pricey:shrug:


Top 10 Most Popular Zanerobe Joggers for Men! >> 2014

 
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