By Joshua Kirby

Adidas AG said Monday that it is looking at options for its subsidiary Reebok, which could include selling the business, and that a decision will be made on March 10 as part of the company's five-year strategy announcement.

The German sporting-goods company said the strategic alternatives under consideration for Reebok include selling the U.S. subsidiary, but also include keeping it. Speculation had stepped up recently that the company, which bought Reebok in 2006 for $3.8 billion, was looking to sell the business, with private-investment firms touted as potential buyers.

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

(END) Dow Jones Newswires

December 14, 2020 09:09 ET (14:09 GMT)

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