TPWW Forums  

Go Back   TPWW Forums > o f f t o p i c > sports forum
Reload this Page Adidas to buy Reebok
Register Members List

 
 
Thread Tools Display Modes
Old 08-03-2005, 01:42 PM   #1
Mr. Monday Morning
All Part Of The Plan
 
Mr. Monday Morning's Avatar
 
Posts: 12,125
Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)Mr. Monday Morning is good (20,000+)
Adidas to buy Reebok
Dunno, figured this was the most appropriate place to put this.

-----

German sports goods firm Adidas-Salomon says it has struck an agreement to buy US rival Reebok for 3.1bn euros ($3.8bn; £2.1bn).

The tie-up could create a challenger to Nike in the US market.

Adidas boss Herbert Hainer said that the deal "represents a major strategic milestone for our group".

The takeover still needs to be approved by Reebok shareholders and competition authorities. If cleared, the deal should be completed in early 2006.

Reebok's shares had risen 16% in after-hours New York trade on Tuesday - reaching $51 - as reports of takeover talks appeared on the websites of financial papers.

Adidas' offer is worth $59 per share in cash.

"This is a once in a lifetime opportunity to combine two of the most respected and well-known companies in the worldwide sporting goods industry", said Mr Hainer.

The combined group will have worldwide athletic footwear sales of 9bn euros, Adidas said.

The list of celebrities promoting Adidas includes football star David Beckham and singer Missy Elliott. Reebok tried to rejuvenate its youth appeal with a controversial advert featuring rapper 50 Cent. Its US sport licensing deals include the National Football League and National Basketball Association.

North America accounts for roughly half of the global sporting goods market, and Adidas said buying Reebok would more than double its North American sales to 3.1bn euros.

The firm added that the deal would bring it wider geographic reach and a more balanced sales portfolio. Among the benefits, it listed Reebok's presence in North America and Adidas' ability to bring its greater expertise in Europe and Asia to bear on Reebok's profile there.

The combined group's brands will be anchored by the Adidas and Reebok labels, but will also include Taylormade, Rockport, Greg Norman Collection, Maxfli, CCM, Jofa and Koho.

It would have about 20% of the US sports shoe market, while Nike has 36%.

Adidas was known to be targeting a stronger position in the US market.

In May, it sold off its struggling Salomon winter sports equipment business to Finnish firm Amer in order to concentrate on footwear.

As it announced its takeover plans, Adidas also unveiled better-than-expected profits.

Its second-quarter net profits jumped 33% to 94m euros, after adjustments were made for the sale of the Salomon business.

Sales rose to 1.5bn euros from 1.4bn in the same period a year earlier.

It expects a further boost to sales from the 2006 World Cup Championship which is taking place in Germany.

-----
Mr. Monday Morning is offline  
Old 08-03-2005, 01:56 PM   #2
Dazz
IRREPLACEABLE
 
Dazz's Avatar
 
Posts: 11,608
Dazz has a good deal of rep (10,000+)Dazz has a good deal of rep (10,000+)Dazz has a good deal of rep (10,000+)Dazz has a good deal of rep (10,000+)Dazz has a good deal of rep (10,000+)Dazz has a good deal of rep (10,000+)
Interesting, I prefer Nike though.
Dazz is offline  
Old 08-03-2005, 02:12 PM   #3
Rob
Part time poster
 
Rob's Avatar
 
Posts: 22,963
Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)Rob has a relatively large amount of rep (50,000+)
Why?
Rob is offline  
Old 08-03-2005, 05:25 PM   #4
Bad Company
Mad
 
Posts: 26,228
Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Bad Company got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)
HOLY FUCKING SHIT!
Bad Company is offline  
Old 08-03-2005, 05:38 PM   #5
samichna
TAKE IT EACE
 
samichna's Avatar
 
Posts: 27,417
samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)samichna has a relatively large amount of rep (50,000+)
WOW WHO CARES
samichna is offline  
Old 08-03-2005, 05:39 PM   #6
Nervous Ferret
love yourself
 
Nervous Ferret's Avatar
 
Posts: 47,788
Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)
OMFG Huge news! yes
Nervous Ferret is offline  
Old 08-03-2005, 05:39 PM   #7
Nervous Ferret
love yourself
 
Nervous Ferret's Avatar
 
Posts: 47,788
Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)Nervous Ferret makes a lot of good posts (200,000+)
Quote:
Originally Posted by samichna
WOW WHO CARES
um, nobody
Nervous Ferret is offline  
Old 08-03-2005, 06:39 PM   #8
KleptoKlown
You're a Fucken Samsquach
 
Posts: 21,739
KleptoKlown has a good deal of rep (10,000+)KleptoKlown has a good deal of rep (10,000+)KleptoKlown has a good deal of rep (10,000+)KleptoKlown has a good deal of rep (10,000+)KleptoKlown has a good deal of rep (10,000+)KleptoKlown has a good deal of rep (10,000+)
all made by the same malaysian slave workers anyway
KleptoKlown is offline  
Old 08-03-2005, 07:01 PM   #9
Jesus Shuttlesworth
 
Jesus Shuttlesworth's Avatar
 
Posts: 42,765
Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)Jesus Shuttlesworth got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)
Reeboks for the most part are pretty terrible looking so hopefully they stick with Adidas designs. Nike is still the GOAT though
Jesus Shuttlesworth is offline  
Old 08-03-2005, 09:03 PM   #10
Y2Ant
Crows Before Hoes
 
Y2Ant's Avatar
 
Posts: 24,501
Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)Y2Ant puts the "bang" in Bangladesh (30,000+)
Oh dear, I hope this doesn't negatively affect Bolton Wanderers
Y2Ant is offline  
Old 08-03-2005, 09:28 PM   #11
YOUR Hero
Adminstigator
 
YOUR Hero's Avatar
 
Posts: 102,491
YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)YOUR Hero makes a lot of good posts (200,000+)
Bangladesh, Klown, Bangladesh.
YOUR Hero is offline  
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT -4. The time now is 10:28 AM.

Forums Home - TPWW - Archive - Top

Powered by vBulletin®