Adidas reported to sell ailing Reebok business within months

FRANKFURT: German sportswear company Adidas is planning to sell its Reebok division, Germany’s manager magazin reported on Thursday, as the group seeks to put an end to its ill-fated investment in the US-focused brand.

Manager magazin said US apparel maker VF Corp and China’s Anta Sports were among the interested parties, without citing sources.VF Corp did not immediately respond to a request for comment, while Anta Sports could not be immediately reached for comment outside office hours in China. The German company bought Boston-based Reebok for US$3.8 billion in 2005 under Rorsted’s predecessor Herbert Hainer, aiming to take on US arch-rival Nike on its home turf.

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Trump records show Chinese business pursuits and bank account, reports NYT | Malay MailWASHINGTON, Oct 21 — Donald Trump spent years cultivating business projects in China, where he maintained a previously unknown bank account, The New York Times reported yesterday, as the US president attempts to portray election rival Joe Biden as weaker on Beijing. Trump has spent recent days... Must be some communists working here.
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