Reebok Lays Off Employees Amid Footwear Restructure, Licensing Shift [Yahoo! Finance]
ADIDAS AG S/ADR (ADDYY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Angel Reese Declares 'This Is Just the Beginning' While Accepting the Style Influencer of the Year Award at FNAA 2024 Tobe Nwigwe and Wife 'Fat' Nwigwe Wear Unreleased Reebok Salmon Pink Sneakers at FNAA 2024 Authentic Brands Group is laying off Reebok employees in its footwear business as it reworks the licensing strategy for the brand. Authentic confirmed to FN that SPARC group, the lifestyle brand operating company that operates Reebok, has reorganized Reebok's footwear business as it looks to transfer licenses to new partners and focus more deeply on apparel. Authentic did not confirm which specific footwear divisions were impacted by the cuts, but employees in merchandising, design, product management , talent acquisition and innovation shared on LinkedIn this week that their roles had been eliminated to to a restructuring at Reebok. The news represents the latest turmoil to plague the heritage brand this year. Earlier this month, Authentic terminated its license with Ne
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