Authentic Brands Group Finalizes the Acquisition of Reebok

New York, NY – WEBWIRE



Authentic Brands Group (ABG) today announced that it has completed the acquisition of Reebok from adidas. As it ushers in its largest acquisition to date, the global brand development, marketing and entertainment company is charting a new path for Reebok.


“Reebok is a brand that needs no introduction,” said Jamie Salter, Founder, Chairman and CEO of ABG. “The Reebok team has done an incredible job of cementing Reebok’s place in the minds and hearts of consumers. Through ABG’s operating model, Reebok will have the ability to evolve and embrace its iconic creativity, quality and innovation. It’s time to let Reebok be Reebok.”


With Reebok, ABG is taking a page from its playbook, connecting strong brands with best-in-class partners and a global network of operators, distributors, and retailers to optimize value in the marketplace. An essential pillar of ABG’s strategy is preserving Reebok’s DNA and a commitment to the brand’s heritage through the formation of Reebok Design Group (RDG) in partnership with SPARC Group. RDG is the global brand hub for the design, development and innovation for footwear and apparel servicing partners around the world.


“Product has always been at the forefront of Reebok, and we are committed to upholding the standard that our brand fans and consumers have come to expect,” said Matt O’Toole, President of RDG. “2021 was a banner year for Reebok, and in part that was a credit to our focus on the iconic silhouettes that immortalize the brand. Under new ownership, we have an exciting opportunity to reclaim our place in the market and take Reebok to even greater heights.”


Reebok has inspired, connected and created great products for athletes and consumers across the world for generations. The brand is deeply rooted in professional sports, sneaker culture and performance apparel and will continue to deliver on its mission of providing each and every consumer with the opportunity, products and inspiration to achieve and exceed their potential.


From creating the first spiked running shoe over a century ago, to its breakthrough THE PUMP™ technology, to today with its award-winning Nano and Floatride models, Reebok has pioneered in the athletic space and continues to introduce innovations that propel the industry forward. The Reebok Classic Leather and Club C have cemented itself as icons within the footwear industry with their timeless and classic designs that first debuted nearly 4 decades ago and continue to be reimagined through unexpected collaborations with world-renowned creatives and design houses.


“Reebok is one of the few super brands that has the permission to play in any space,” said Nick Woodhouse, President and CMO of ABG. “Its position at the intersection of fashion, sports and culture allows Reebok to be elastic while staying true to its celebrated ethos and unmistakable DNA.”


To support the new global structure for Reebok, ABG has assembled a roster of key players from around the world who will drive distribution and further Reebok’s business in key territories while upholding the brand’s integrity and values. Since announcing its definitive agreement to purchase Reebok in August 2021, ABG has secured a slate of trusted partners including New Guards Group, SPARC Group, Tristate, Trend Marketing, Al Boom Marine, Aditya Birla Fashion Retail Limited, The Falic Group, Accent Group, MGS, Bounty Apparel, Distrinando, SM Retail, CRC Sports, HSV Group, PT Mitra, JD Group and Foot Locker, Inc. More information on Reebok’s global partner network can be found below.  


About Authentic Brands Group


Authentic Brands Group (ABG) is a brand development, marketing and entertainment company, which owns a portfolio of global media, entertainment and lifestyle brands. Headquartered in New York City, ABG elevates and builds the long-term value of more than 30 consumer brands and properties by partnering with best-in-class manufacturers, wholesalers and retailers. Its brands have a global retail footprint across the luxury, specialty, department store, mid-tier, mass and e-commerce channels and in more than 7,800* freestanding stores and shop-in-shops around the world.


ABG is committed to transforming brands by delivering compelling product, content, business and immersive experiences. It creates and activates original marketing strategies to drive the success of its brands across all consumer touchpoints, platforms and emerging media. ABG’s portfolio of iconic and world-renowned brands includes Marilyn Monroe®, Elvis Presley®, Muhammad Ali®, Shaquille O’Neal®, David Beckham®, Dr. J®, Greg Norman®, Neil Lane®, Thalia®, Sports Illustrated®, Reebok®, Eddie Bauer®, Spyder®, Volcom®, Airwalk®, Nautica®, Izod®, Forever 21®, Aéropostale®, Juicy Couture®, Vince Camuto®, Lucky Brand®, Nine West®, Jones New York®, Frederick’s of Hollywood®, Adrienne Vittadini®, Van Heusen®, Arrow®, Tretorn®, Tapout®, Prince®, Vision Street Wear®, Brooks Brothers®, Barneys New York®, Judith Leiber®, Herve Leger®, Frye®, Hickey Freeman®, Hart Schaffner Marx®, Thomasville®, Drexel® and Henredon®.


For more information, visit authenticbrands.com.


Follow ABG on Twitter, LinkedIn and Instagram

Pentland Brands launches new 100-1-0 sustainability strategy

2032 marks the 100-year anniversary of the Pentland Brands business. We’ve shared our plans on how we plan to deliver on our commitment to support both people and planet, through various sustainability initiatives and charitable actions.

Our ‘100-1-0′ positive business strategy sets out three major targets to be reached by 2032:

  • To help 100 million consumers live positive, active, sustainable lifestyles
  • To improve the lives of one million people in our communities
  • To be a net zero business by 2032

PIONEERING BRANDS FOR GOOD

Our family of brands, including Speedo, Berghaus, ellesse, Endura, Canterbury and Mitre, will increase their drive to create more sustainable products and services, including those which support emotional and physical wellbeing. They will also accelerate their focus on bringing communities together and supporting causes that matter to their consumers. By 2032, these actions will help 100 million consumers live positive, active, sustainable lifestyles.

MAKING LIFE BETTER

We have committed to having 100% transparency across our supply chain, to help protect human rights and the environment. In a world where discrimination, prejudice and injustice is dividing societies, we’re dedicated to being champions for social mobility, diversity and inclusivity. We will give 1% of profits to charity every year and, over the next ten years, our brands will donate half a million products to those most in need. By 2032, these actions will help improve the lives of one million people in our communities.

DRIVING A SUSTAINABLE FUTURE

Through science-based carbon emission reductions and off-setting initiatives, our brands will achieve net zero between 2024 and 2032. Initiatives include planting 50 million trees by 2032 to restore healthy forests, increase biodiversity and reduce extreme poverty.

Sara Brennan, Positive Business Director at Pentland Brands, says: “For nearly one hundred years we’ve been a pioneer of brands that make life better. But our world has changed, and we need to accelerate our actions.  

“We know there’s much more work to be done, but everyone within the Pentland Brands family is passionate about helping to create a world that’s better, fairer and greener. Our teams are already working together on the initiatives that will help us to achieve our ambitious 2032 targets.” 

Find out more about some of the actions happening across our brands here.