Reebok's staff to get voluntary retirement option, stores may be reduced by a third.
The company, which is repositioning Reebok as a fitness brand, however, did not disclose the value of the contract.
Erick Haskell takes over from Claus Heckerott.
Initially, it is targeting locations such as upmarket malls in major cities, such as Delhi and the surrounding region, Mumbai and Bengaluru.
The World Cup's leading scorers, Wesley Sneijder of the Netherlands and Spain's David Villa, with five goals each, are among ten footballers shortlisted for the 2010 FIFA World Cup adidas Golden Ball.
Adidas, which owns Reebok, had to take euro 211 million hit on account of the fraud at Reebok India
According to SFIO, the modus operandi of the Reebok fraud involved filing fictitious invoices to show inflated sales, recording fictitious sales by raising prices of goods sold.
Adidas' profit after tax has grown to Rs 140 crore in 2017-18.
Adidas can declare itself the winner over arch rival Nike in the upcoming soccer World Cup even before the first match kicks off as it is kitting out the most teams.
The German sportswear maker has brought Haskell, who played a key role in writing the growth story for Adidas in China, to give Reebok's India business a 'fresh start' after the alleged Rs 870-crore (Rs 8.7-billion) fraud by former managing director Subhinder Singh Prem and chief operating officer Vishnu Bhagat.
Talented, rebellious, obsessive: Ranjita Ganesan and Dhruv Munjal find traces of the actor's different streaks in Mandi, Chandigarh and Mumbai.
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