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In this video, Mr.Anand Srinivasan speaks about, German sportswear giant Adidas's announcement on thursday that it has agreed to sell its ailing Reebok unit to the US company Authentic Brands Group in a deal worth 2.5 billion. Adidas bought Reebok in 2006 but announced that it would offload the brand in February this year after struggling to lift the brand's fortunes. Adidas acquired Reebok in 2006 for 3.8 billion dollors with the goal of taking on US rival Nike. This video briefs about Adidas and Reebok's history and the complete journey of both brands in the Market.
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