Reebok sells its business in Russia

16.05.2022,12:21


May 16, Fineko/abc.az. Reebok has sold its business in Russia.

ABC.AZ reports that the company sold its business to Turkish company Flo Retailing.

Reebok has been part of the Adidas structure since 2005.

In March 2022, the company was sold to American Authentic Brand Group, operating in the Russian market, for 2.1 bn euro. In general, there are 117 Reebok stores operating in Russia.