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Adidas sells Rockport for $280 million

27/01/2015
Adidas sells Rockport for $280 million

German sportswear brand adidas has sold Rockport for $280 million to a new entity formed by private equity firm Berkshire Partners and US-based New Balance. Adidas took on Rockport after buying Reebok in 2006, but has said the sale will result in a "double-digit million euro" hit to 2014 profit.   New Balance will contribute its Drydock business ...

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