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Reebok scam: Adidas smelt rat in 2010, hired KPMG for probe

moneycontrol.com (11 months and 25 days ago)

May 29, 2012

Less than ten days after Reebok India lodged an FIR against two of its former employees for allegedly masterminding a scam to the tune of Rs 870 crore, its parent Adidas had already been silently conducting private investigations of its own since 2010, reports CNBC-TV18's Ronojoy Banerjee. full story

More news

Adidas posts Q4 loss on weaker Reebok prospects

Sports gear maker Adidas AG says it lost (EURO)273 million ($356 million) as it wrote down the value of its weakening Reebok brand.

philly.com (2 months and 19 days ago)

Adidas posts Q4 loss on weaker Reebok prospects

Sports gear maker Adidas AG says it lost (EURO)273 million ($356 million) as it wrote down the value of its weakening Reebok brand.

miamiherald.com (2 months and 19 days ago)

Adidas posts Q4 loss on weaker Reebok prospects

FRANKFURT, Germany (AP) — Sports gear maker Adidas AG says it lost €273 million ($356 million) as it wrote down the value of its weakening Reebok brand.

boston.com (2 months and 19 days ago)

Adidas posts £220m loss after footing bill for Reebok slump

Footwear giant Adidas has posted a calamitous loss of more than £200 million in its fourth quarter after it was forced to write down the value of its Reebok brand.

standard.co.uk (2 months and 19 days ago)

Adidas posts Q4 loss on weaker Reebok prospects

FRANKFURT, Germany (AP) -- Sports gear maker Adidas AG says it lost (EURO)273 million ($356 million) as it wrote down the value of its weakening Reebok brand....

ap.org (2 months and 19 days ago)

Adidas sees role for Reebok despite writedown

HERZOGENAURACH, Germany (Reuters) - Adidas is to stick with its troubled Reebok business even though the German sportswear group had to make a 265 million euro ($344.5 million) write-down on the brand at the end of last year.

reuters.com (2 months and 18 days ago)

Adidas committed to Reebok brand in India

Sportwear group Adidas plans to keep its Reebok brand in India despite finding financial irregularities at the unit, CEO Herbert Hainer told reporters on Thursday.

moneycontrol.com (2 months and 19 days ago)

Adidas posts loss on weaker Reebok prospects

FRANKFURT, Germany (AP) -- Sports gear maker Adidas AG lost (EURO)273 million ($356 million) in the fourth quarter as it wrote down the value of its weakening Reebok brand. But it said sales and earnings would increase this year and raised its dividend payments....

ap.org (2 months and 19 days ago)

Adidas takes Rs 1090cr hit due to Reebok India irregularity

German sportswear giant Adidas on Thursday said its balance sheet for 2011 is negatively impacted by euro 153 million (over Rs 1,090 crore) due to 'commercial irregularities' at its arm Reebok India Co.

moneycontrol.com (2 months and 19 days ago)

Adidas hopes 'Energy Boost' will gain running market share

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oregonlive.com (3 months and 9 days ago)

Reebok scam: Adidas smelt rat in 2010, hired KPMG for probe

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