Why Master P wants to run the iconic footwear brand
When Adidas (ADDYY) bought rival Reebok for $3.8 billion in 2006, the German athletic footwear giant had hoped to rejuvenate the once-mighty sportswear brand. However, that did not come to pass. As 2020 turns to 2021, Adidas is looking to sell the brand it acquired nearly 15 years