
Adidas sells Rockport for $280m to focus on sportswear
German sportswear giant Adidas has signed a deal to sell its Rockport business to a new company formed by footwear rival New Balance and private equity firm Berkshire Partners.

German sportswear giant Adidas has signed a deal to sell its Rockport business to a new company formed by footwear rival New Balance and private equity firm Berkshire Partners.