
Authentic Brands Group announced on Thursday the appointment of Steve Robaire as EVP, Reebok international, effective July 1, 2022.
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Authentic Brands Group announced on Thursday the appointment of Steve Robaire as EVP, Reebok international, effective July 1, 2022.
German sports group Adidas has finally completed the sale of its US brand Reebok to Authentic Brands Group, and is launching a major share buyback operation.
There’s big change ahead at Reebok and it looks like it means a more upscale brand direction with owner Authentic Brands announcing a long-term strategic partnership with Farfetch's luxury-focused New Guards Group.
Apparel chain operator Authentic Brands Group Inc on Wednesday withdrew its plans for an initial public offering in the United States, according to its filing with the securities regulator.
Adidas plans to buy back up to 4 billion euros ($4.54 billion) of its shares by 2025 and will also return the majority of the cash proceeds from the sale of Reebok, it said on Thursday.
Authentic Brands Group (ABG) and Aditya Birla Fashion and Retail Limited (ABFRL) have signed a long-term licensing agreement, which grants the latter exclusive rights to sell Reebok products in India.
Adidas is selling Reebok to Authentic Brands Group for up to €2.1 billion ($2.46 billion) as it exits an investment that never generated the rewards it had hoped for.
Rent the Runway has confidentially filed paperwork with U.S. regulators for an initial public offering (IPO), as it looks to cash in on the booming market for rental clothes and second-hand apparel.
Adidas has drawn up a shortlist of bidders for its Reebok brand as it seeks to draw a line under an ill-fated investment that never lived up to the German sporting goods company's expectations, sources said.
The owner of Tommy Hilfiger and Calvin Klein is focusing on its flagship labels and has sold its heritage brands for $220 million, in a deal that has made Authentic Brands (ABG) a specialist in formal American menswear.