Adidas said on Thursday that it has reached an agreement to sell Reebok, a struggling shoe and sportswear brand, to Authentic Brands Group for up to 2.1 billion euros ($2.

Adidas sells Reebok to Authentic Brands in $2.5 billion deal

According to reports, Sporting goods maker Adidas has launched the sale of its Reebok brand in an auction which risks being affected by a political row over possible forced labor in China's western Xinjiang region.

Reports: Adidas launches Reebok auction, China row may dent Asian interest

The German company had acquired Boston-based Reebok in 2006 hoping that it could take on US rival Nike.

Adidas To Sell-off Long-struggling Reebok

Rapper Cardi B has been called for cultural appropriation after she appeared on the cover of a shoe magazine called Footwear News, dressed as Goddess Durga. In the November issue of the magazine, Cardi is seen posing as the Goddess with 10 arms but instead of weapons, she is seen holding a shoe.

Cardi B dresses up as Goddess Durga for a shoe magazine, apologises later for hurting sentiments

Watch today in 'World Business Watch': German multinational corporation Adidas is planning to sell its Reebok division, according to reports and Germany's Manager Magazin.

World Business Watch: Reports claim that Adidas plans to sell its Reebok division

Sports footwear giant Reebok has decided to end its partnership with CrossFit Inc. later this year following an insensitive comment by the fitness organization's chief executive concerning protests against racial injustice roiling the US.

Reebok slams CrossFit in outrage over CEO's 'racist' tweet

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