Reebok India

The acquisition of the Reebok rights will fill a key gap in ABFRL’s portfolio — sports and active wear segment

Aditya Birla Fashion and Retail to take over Reebok’s operations in India

Aditya Birla Fashion and Retail on December 14 announced that it will take over Reebok’s operations in India.

Would look at own retail if FDI rules change: Reebok

If FDI rules change would look at doing own retail: Reebok

Govt starts prosecution proceedings in Reebok fraud case

In its FIR filed with police last year, Reebok had alleged financial fraud to the tune of Rs 870 crore at the company by certain persons including senior executives of its India arm.

MCA likely to take final view on Reebok probe report soon

The report is said to have found violations by the Indian as well as overseas management personnel at Reebok, sources said.

MCA consults Law Ministry on Reebok fraud case

The Serious Fraud Investigation (SFI) office in a report had concluded that two former executives of Reebok India, Prem and Bhagat had committed conspiracy and fudged sales numbers and painting a false, rosy picture of the affairs at Reebok India.

Former Reebok CFO may face action : ICAI

Accounting watchdog ICAI today said strict action could be taken against Reebok India's former Chief Financial Officer Vishnu Bhagat if he fails to respond to the show-cause notice regarding the alleged fraud at the sportswear maker.

Adidas takes Rs 1090cr hit due to Reebok India irregularity

German sportswear giant Adidas on Thursday said its balance sheet for 2011 is negatively impacted by euro 153 million (over Rs 1,090 crore) due to 'commercial irregularities' at its arm Reebok India Co.

Adidas appoints Erick Haskell MD of India operations

German sportswear major Adidas group on Friday announced a top management change in India with Erick Haskell, ex-COO of its China operations, coming in to head the business in the country as it looks to move on after last year's alleged Rs 870 crore fraud at its arm, Reebok India.

Reebok's ex-MD, COO arrested for fraud

Reebok India's sacked MD Subhinder Singh and former COO Vishnu Bhagat were arrested along with three others for their alleged involvement in a Rs. 870-crore fraud in the company.

Reebok tells unhappy partners to sell items at 50% & exit

Sportswear major Reebok India has asked its franchisees, who are unwilling to move to a 'new business model', to liquidate products at discounts of up to 50%, while giving them time till November-end to exit.

ED probing Reebok India under forex laws: Govt

The Enforcement Directorate has initiated a probe against Reebok India under foreign exchange laws, government said in Parliament today.

Reebok ropes in E&Y for forensics audit of its books

Reebok India has roped in consulting firm Ernst & Young to conduct a forensics audit of its books, reports CNBC-TV18 quoting sources.

Reebok case: I-T finds no signs of big corporate fraud

About two months after a criminal case was filed by Reebok India against two of its former employees over a scam allegedly involving Rs 870 crore, the Income Tax department has found that it may not be a case of corporate fraud as made out and could involve tax evasion to the tune of Rs 140 crore.

Committed to the Indian market, says Reebok

Speaking out for the first time, since the alleged Rs 870 crore corporate scam broke out, Reebok India today told CNBC-TV18 that the new management of the company under managing director Claus Heckerott is planning an accelerated restructuring of the business activities in India.

Ex-Reebok MD to move HC after district court rejects bail

Two days after Gurgaon court rejected the anticipatory bail plea of Subhinder Singh Prem, Reebok India's former managing director, CNBC-TV18 learns that the accused is now preparing to move the Chandigarh High Court against the district court's order.

Court rejects bail plea of former Reebok India honchos

A local court rejected the anticipatory bail plea of Reebok India's former MD Subhinder Singh Prem and COO Vishnu Bhagat in connection with the Rs 870 crore alleged fraud in the company.

I-T probes Reebok India; Cops say fraud amount may be less

The I-T department has launched a probe into the finances of Reebok India, which has filed a fraud case against its two former employees, even as the Gurgaon Police said the company's claim of Rs 870 crore deceit is "far from reality" and the amount "would be less".

Reebok India accuses former execs of Rs 8,700 cr fraud

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 8,700 crore (USD 157 million).

Reebok India alleges Rs 8,700cr fraud by former MD, COO

In what could the second biggest corporate scandal after Satyam, Reebok India has alleged a Rs 8,700 crore fraud by its former Managing Director Subhinder Singh Prem and former Chief Operating Officer Vishnu Bhagat.

Adidas seeks criminal probe into Reebok India accounts

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.