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The Yorkshireman
FLO buys Reebook’s Russia operations

FLO buys Reebook’s Russia operations​



Extract:
The Russian division of Reebok has been transferred to the Turkish holding FLO Retailing, TASS news agency said on May 16, citing Russian daily Kommersant.

The transaction has already been completed, with the company receiving more than 100 retail outlets, Kommersant reported, citing a source close to FLO Retailing.

FLO Retailing reportedly gained control of Reebok retail outlets after signing an agreement with the chain to launch Reebok-branded product manufacturing in Turkish factories for a number of countries.
 

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