Adidas Sells Reebok to Authentic Brands Group for $2.5 Billion

By A Mystery Man Writer

Reebok has struggled with sluggish sales since Adidas bought the brand for $3.8 billion in 2005 to compete with Nike in the U.S. market.

Marketing Mind on X: Adidas bought Reebok back in 2006 for $3.8 billion in an attempt to compete with Nike. #MarketingMind #Adidas #Reebok / X

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