Italian sportswear brand Fila expects the decision by German competitor Adidas to reduce the number of its Reebok stores in India will significantly benefit its business as it looks to expand in the c

Adidas slashed its 2015 sales target for its struggling Reebok brand to 2 billion euros from 3 billion euros after losing a major American football contract and fraud was discovered at its Indian oper

Two former top executives of Reebok India, owned by German sportswear maker Adidas, have been arrested by police outside New Delhi after they were accused of fraud that led to the company losing Rs 8.

German sportswear maker Adidas said it does not expect any major deviation from the 70 million euros in restructuring charges it has already flagged as the cost of dealing with 'commercial irregularit

Reebok India, owned by Germany's Adidas, lodged a police complaint against two former top executives accusing them of fraud that had led the company to lose Rs 8.7 billion. ($157 million).

The allege

The Gurgaon Police has formed a special investigation team to look into the alleged Rs 870- crore fraud case filed by Reebok India Co against its former MD Subhinder Singh Prem and COO Vishnu Bhagat.

Reebok India, owned by Germany's Adidas, lodged a police complaint against two former top executives accusing them of fraud that had led the company to lose Rs 8.7 billion. ($157 million).

The allege

German sportswear giant Adidas has petitioned the Indian law enforcement authorities to open a criminal investigation into alleged financial irregularities uncovered in its Indian arm Reebok India.

A

Germany's Adidas said it would cut the number of its Reebok stores in India by about one-third as it restructures operations in the country after discovering 'irregularities' at Reebok India.

While t

Germany's Adidas raised its outlook for 2012 driven by better than expected sales in China and Japan in the first-quarter even as it announced probe into charges related to 'commercial irregularities'