BERLIN — German sportswear company Adidas is preparing to sell its ice hockey equipment business as part of a broader drive to simplify its business, the New York Post reported.
Citing an unnamed source close to the situation, the newspaper said Adidas could put Reebok-CCM up for sale early next year. Adidas declined to comment.
Reebok bought CCM in 2004 and was then itself bought by Adidas in 2006. Reebok-CCM sales rose 4 percent in 2014 to 269 million euros ($286 million).
Adidas tried and failed to sell the unit in 2013 for $150 million but has since succeeded in turning the business around.