Adidas Announces Major Changes At Reebok, Cuts 150 Jobs

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Kasper Rorsted has been Adidas’ chief executive for little more than a month, but he’s already making some big changes at the German footwear company.

Adidas’ struggling Reebok unit will be downsized, including major cuts to its retail fleet and the shedding of 150 employees, Rorsted revealed during the company’s third-quarter earnings call Thursday.

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