Adidas announced this week that it is selling struggling athletic apparel and shoe company Reebok to Authentic Brands Group. The latter conglomerate owns several bankrupt brands, including Brooks Brothers, Aeropostale and Forever 21. The acquisition is expected to close in the first quarter of 2022 according to a news release. Adidas inked a deal to … Continue reading “Adidas Agrees to Sell off Reebok Brand to Authentic Brands Group”
