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Reebok International Limited (/ ˈ r iː b ɒ k / REE-bok) is an American footwear and clothing brand that is a part of Authentic Brands Group.It was established in England in 1958 as a companion company to J.W. Foster and Sons, a sporting goods company which had been founded in 1895 in Bolton, Lancashire.
In August 2021, it was announced that ABG would be acquiring the sports clothing brand Reebok from Adidas for at least US$2.5 billion in a deal expected to close in the first quarter of 2022. [31] Private equity companies CVC Capital Partners and HPS Investment Partners invested $3.5 billion in ABG in a deal that closed in November 2021. [32]
In 1986, Rockport was preparing to go public when the family decided instead to sell the company to British athletic footwear giant Reebok. [9] Bruce Katz remained as president for one year before turning over the management to a new Reebok CEO. Saul Katz stayed on as part of the management team until retiring in his 70s.
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In 1995 they partnered with Reebok International and opened Reebok Sports Club/ NY in Manhattan. [6] [11] By 2003, the company had 10 clubs nationwide with 60,000 members in Los Angeles, New York, Washington DC, San Francisco, Boston and Miami. [10] This increased their revenues and their share prices stood at $9.
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J W Foster & Sons (Athletic Shoes) Limited was an athletic shoe manufacturing company located in Bolton, England.Established by Joseph W. Foster in 1895, the company was a pioneer in the use of track spikes for runners and athletes, producing most of the highly-regarded running shoes in the 1920s.