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  • Germany sportswear group Adidas said Tuesday it will sell off its US subsidiary Reebok after struggling for years to lift the brand's fortunes. As part of a new five-year turnaround plan, Adidas "has now decided to begin a formal process aimed at divesting Reebok", the group said in a statement. It did not name any potential buyers, but said further details would be announced at a meeting on March 10. mfp/hmn/rl
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  • Germany's Adidas to sell long-struggling Reebok unit: statement
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