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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Reebok classic sneakers in a store in London, U.K., on Friday, Aug. News Photo - Getty Images
adidas Sells Reebok for $2.5 Bill
Adidas Sells Reebok to Authentic Brands Group for $2.5 Billion
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adidas - Page 124