{"id":982019,"date":"2021-05-19T15:27:17","date_gmt":"2021-05-19T20:27:17","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=982019"},"modified":"2021-05-19T15:27:21","modified_gmt":"2021-05-19T20:27:21","slug":"adidas-launches-reebok-auction-while-interest-falters","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/adidas-launches-reebok-auction-while-interest-falters\/","title":{"rendered":"adidas Launches It&#8217;s Auction For Reebok While Interest Falters"},"content":{"rendered":"\n<p>After almost a year of speculation, <a href=\"https:\/\/www.snkrsday.com\/adidas\/\" target=\"_blank\" rel=\"noreferrer noopener\">adidas<\/a> has placed <a href=\"https:\/\/www.snkrsday.com\/tag\/reebok\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reebok<\/a> on the market. <\/p>\n\n\n\n<p>In 2006, the American sportswear giant was acquired by adidas for $3.8B in one of the largest mergers in the apparel industry. The move was initially seen as adidas&#8217; foray into the American market. Fast forward 15 years, adidas has decided to dispose of the brand due to declining earnings and decreasing cultural relevancy. <\/p>\n\n\n\n<p>Currently, Reebok is valued at $1.2B, a significant drop-off from its peak valuation. Companies likely to bid include Asia&#8217;s FILA, ANTA Sports, and Li-Ning, along with the U.S. based Wolverine. Prominent financial institutions, including private equity firms Apollo, Cerberus, Sycamore Partners, and TPG are looking to acquire the cheaply valued firm. Likely, all of the bidders listed above see tremendous turn-around potential for the once prominent brand.<\/p>\n\n\n\n<p>With more news to release in the future, it&#8217;ll be of interest to see the direction Reebok takes once under the umbrella of another company. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>After almost a year of speculation, adidas has placed Reebok on the market. In 2006, the American sportswear giant was&hellip;<\/p>\n","protected":false},"author":328335,"featured_media":961054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,2,1225458],"tags":[],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>adidas Launches It&#039;s Reebok Auction While Interest Falters | Snkrs Day<\/title>\n<meta name=\"description\" content=\"adidas has finally launched their Reebok auction, with various Chinese sportswear firms and financial institutions in the bidding.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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