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“#Forever 21 owner Authentic Brands withdraws IPO plans” Apparel chain operator Authentic Brands on Wednesday withdrew its plans for an initial public offering in the United States, according to its filing with the securities regulator. The company did not give a reason for shelving its listing. But in November, the owner of the Forever 21 brand agreed…
“#Adidas sells Reebok to Authentic Brands for $2.5 billion” Adidas is selling Reebok to Authentic Brands Group for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its core brand after a deal that did not deliver. Adidas bought Reebok for $3.8 billion in 2006 to help compete with arch-rival Nike,…
“#Adidas auction of Reebok takes a hit as key bidder Authentic Brands drops out” A key bidder has dropped out of the auction for Reebok, making it more likely that German-based Adidas will take an even bigger hit on its disastrous, 15-year stint as the owner of the struggling sneaker brand, The Post has learned….