Will Reebok find success at ABG?
For the latest installment of its series exploring the weak spots in beauty, Vogue Business highlights the online communities that are curating safe products, specifically with consumers with chronic illnesses in mind.
"Clean beauty has gained popularity in recent years, but the ingredients that qualify are difficult to define, and product labels can be misleading," writes Sabrina Faramarzi. "This can be frustrating for the average customer, but for those with chronic illness, it can be dangerous to their health." {
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Adidas is selling Reebok for less than it originally paidAdidas bought Reebok for $3.8 billion in 2006, back when Reebok was riding high and had deals with the NBA and NFL. Now, Adidas is selling the slumping brand for up to $2.5 billion.
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Adidas Is Selling Reebok to Authentic Brands GroupThe $2.5 billion deal is expected to close in 2022.
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Adidas Agrees to Sell Reebok to Authentic BrandsThe German sporting-goods company put the value of the deal with the brand-management firm at roughly $2.5 billion.
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Adidas sells Reebok to Authentic Brands for $2.5 blnAdidas (ADSGn.DE) is selling its Reebok business to Authentic Brands Groups (ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company seeks to focus on its core brand after a deal that failed to live up to expectations.
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Reebok Sold to Authentic Brands GroupBREAKING: Adidas said it is selling Reebok to AuthenticBrands Group “for a total consideration of up to 2.1 billion euros.”
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Sources: Peter Copping Joined Balenciaga’s Design StudioPeter Copping, the seasoned British designer who has helmed Oscar de la Renta and Nina Ricci, has quietly joined the design studio of Balenciaga.
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