Adidas

Arts, Entertainment, Culture • Fashion
Adidas puts US brand Reebok up for sale
Adidas puts US brand Reebok up for sale
Credit: unsplash.com / Camilla Carvalho

Sporting goods manufacturer Adidas is preparing to divest its US subsidiary Reebok. A formal sale process is to be initiated, the company announced. In the future, Adidas wants to concentrate entirely on its brand with the three stripes. The Group had come to the conclusion "that Reebok and Adidas can significantly better exploit their growth potential independently of each other", explained CEO Kasper Rorsted. The Adidas share price hardly reacted on balance.

Business • Media & Advertising
Ford, Adidas and Clorox join social media advertising boycott
Ford, Adidas and Clorox join social media advertising boycott
Credit: Image Composition: Pendect; Images via Unsplash

Ford, Adidas and Clorox have joined a growing list of companies pausing social media advertising to take action against hate speech. Ford will not advertise on either Facebook, Instagram, YouTube or Twitter in the U.S. for the next 30 days. Clorox is pausing advertising globally on all Facebook-owned platforms until the end of the year, Adidas through July.