Adidas takes control of Reebok’s distribution rights in China
Under a mutual agreement with New Point Industrial Limited, the adidas Group has taken control of the distribution and licence rights for the Reebok brand in
According to adidas, buying out Reebok distributors and joint ventures is one of the key components of the strategy to integrate Reebok into the adidas Group and will provide the company with revenue synergies totalling at least €200 million by 2009.