According to Reuters citing FLO Chairman Mehmet Ziylan, the two are in talks, but he rejected claims a deal for Reebok stores in Russia had been finalised.

Reuters was responding to a story from Russian paper Kommersant which cited a source close to FLO Retailing as saying the deal had been finalised and more than 100 Reebok outlets in Russia had passed to the Turkish company’s control.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Flo Retailing and Authentic Brands Group did not return requests for comment when approached by Just Style.

In March, Authentic Brands Group suspended all branded stores and e-commerce operations in Russia in response to the ongoing conflict in Ukraine.

adidas announced the same month that as of 28 February, it had formally completed the divestiture of Reebok to ABG in a EUR2.1bn deal.

See Also:

With Reebok, ABG plans to employ its core playbook, connecting strong brands with best-in-class licensees and a network of partners that seek to optimise value in the marketplace. The brand’s world headquarters remain in Boston.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In February, ABG announced a new and enhanced partnership with specialty athletic retailer Foot Locker, Inc for the Reebok brand within the United States.

Through the agreement, Foot Locker and its brands will deepen their assortment with Reebok and will exclusively carry select Reebok footwear models for men, women and kids in its company-owned stores and complementary e-commerce websites in the United States.

This includes exclusivity of iconic basketball footwear from celebrated names and collections including styles from Allen Iverson and Shaquille O’Neal in the United States.