Adidas chief executive officer Herbert Hainer is expected to be in India soon, as the local unit of the German sportswear maker, Reebok India, finds itself embroiled in a controversy, following the exit of its senior management, including Adidas India managing director Subhinder Singh Prem, amid allegations of commercial irregularities.
In more trouble for Reebok India, the I-T department has launched a probe into its finances and has begun issuing notices to its executives after an alleged Rs 870-crore (Rs 8.7-billion) fraud case was detected by the company against two of its top officials.
Adidas' profit after tax has grown to Rs 140 crore in 2017-18.
SFIO, the investigation arm of the Corporate Affairs Ministry, has been ordered to probe alleged fraud in 83 companies in the last four years, Parliament was informed on Thursday.
It involves ballet lessons and horse riding!
To put its Reebok business in order, the German footwear major hand-picked the soft-spoken Erick Haskell, who has vast experience of working in China.
Being sexy has nothing to do with age and Malaika is the proof!
They represent a new tribe whose grace and skill-sets lie well beyond my comprehension, notes Sreehari Nair.
The actor can't stop gushing about the special bond she shares with her tiny tot!
Many across Corporate India seem to have taken a leaf out of Modi's endorsement of healthy living through yoga.
The engineer on how he built his body and conditioned his mind to represent India at the CrossFit Games 2020.
Heart patients can prolong their life if they interrupt their sedentary lifestyle and move around every 20 minutes.
Reebok's staff to get voluntary retirement option, stores may be reduced by a third.
It takes only 30 minutes a day and is internationally acclaimed and scientifically proven.
Here's a list of allegations of corporate governance failure by MNCs in India.
Initially, it is targeting locations such as upmarket malls in major cities, such as Delhi and the surrounding region, Mumbai and Bengaluru.
Embarking on a fresh start after last year's alleged Rs 870 crore fraud in its Indian arm, sportswear major Reebok is undertaking a new retail concept and marketing campaign to chart out a new growth story.
Regular brisk walking or biking may be enough to reduce your heart failure risk by 31 per cent.
The actor slid her fabulous bod in a bikini for the cover of Cosmopolitan India.
Former company MD likely to file a legal notice against his former employers
'What I would love him to do most is to become a life coach and share his incredible story of struggle, success, and survival,' says marketing guru Sandeep Goyal.
Brands like Puma, Wildcraft and Woodlands are rewriting the marketing playbook to cater to women consumers.
Nike has been present in India since 1996.
'The tipping point for digital in China was the evolution of the mobile ecosystem.'
Among the options being weighed are discounts on existing rentals, short-term deferrals, and 50 per cent waivers.
M S Dhoni is promoting a new fitness regime, though he has very little to do with its execution
Groceries, apparel, computers, phones and sporting accessories are among the most popular. There is also a growing trend of men visiting the store, rather than women.
Setting eyes on becoming the number one sports goods brand in India in the next three years, German firm Adidas is undertaking a major retail expansion that will entail adding over 100 stores every year.
Before February 21, Sharma, who has been outstanding in the 13 matches he has played for India, charged Rs 20 lakh (Rs 2 million) to Rs 25 lakh (Rs 2.5 million) and had signed up with Pepsi and Reebok.
The sportswear major has picked the activity to encourage a community around it in colleges.
MS Dhoni all set for new innings.
Is this a Manoj Prabhakar biopic? Because Hashmi seems to resemble that middlebrow bowler much more than he does the disgraced India captain, writes Raja Sen.
20 years ago this week, India and Australia played one of the greatest Test matches in cricket history. Sreehari Nair relives the sound and the fury of that unforgettable game at the Eden Gardens.
2017 is about functional training and natural movements. Veenu Sandhu highlights new ways to get and stay in shape.
India cricket captain Mahendra Singh Dhoni is the sole Indian sportsman to figure on Forbes' list of the world's most valuable athlete brands, a list that has been topped by American basketball player LeBron James and includes golfer Tiger Woods and tennis stars Roger Federer and Rafael Nadal.
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