![Adidas inks $2.5 bn deal to sell Reebok to Authentic Brands Group 'for long-term success' | India Business Adidas inks $2.5 bn deal to sell Reebok to Authentic Brands Group 'for long-term success' | India Business](https://img.republicworld.com/republic-prod/stories/promolarge/xhdpi/lpfw9beif82n2zus_1628790934.jpeg)
Adidas inks $2.5 bn deal to sell Reebok to Authentic Brands Group 'for long-term success' | India Business
Adidas is a German company and Reebok is a U.S. company. How come both are owned by the same person? Is it like Flipkart and Myntra are owned by the same person? -
![adidas is selling Reebok to Authentic Brands Group for $2.5 Billion - YOMZANSI. Documenting THE CULTURE adidas is selling Reebok to Authentic Brands Group for $2.5 Billion - YOMZANSI. Documenting THE CULTURE](https://s3.amazonaws.com/yomzansi.com/wp-content/uploads/2021/08/13093529/adidas-sell-reebok-authentic-brands-group.jpg)