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Govt starts prosecution proceedings in Reebok fraud case

Dec 30, 2013

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. #NewsTracker #Fraud #Sachin Pilot #Reebok #Adidas #FIR #SFIO
Lilliput fiasco: Kroll, BMR join hands to battle India's PE fraud claims

Dec 04, 2013

Lilliput fiasco: Kroll, BMR join hands to battle India's PE fraud claims

Stressing on synchronisation, Kroll will deal with external evidence while BMR will focus on internal financial faults to protect PE investors. #CorporateStrategy #Fraud #Bain #Reebok #Lilliput #BMR #Kroll
From Walmart to NSEL: CEOs face axe for non-performance

Sep 09, 2013

From Walmart to NSEL: CEOs face axe for non-performance

Experts say that the tolerance level for under- performance has come down considerably due to the challenging economic conditions and such exits are now mostly sudden and brutal, while CEO departures were earlier handled discreetly. #Walmart #CEOs #India Inc #Reebok
Former Reebok CFO may face action for not providing info

Apr 02, 2013

Former Reebok CFO may face action for not providing info

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. #CompanyWatch #Reebok #Adidas #ICAI #Accounting
Adidas to stick with Reebok despite write-down

Mar 08, 2013

Adidas to stick with Reebok despite write-down

Adidas, which bought Reebok in 2005 for $3.8 billion to try to close the gap with market leader Nike, last year had to cut its 2015 sales target for the brand by a third after two quarters of declining sales. #China #CorporateStrategy #Shoes #Reebok #Adidas
Rs 1,087 crore: That's how much Reebok India fiasco cost Adidas

Mar 07, 2013

Rs 1,087 crore: That's how much Reebok India fiasco cost Adidas

German sportswear giant Adidas today 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. #Numbers #Adidas #Reebok India #Commercial Irregularities
Moving on: Reebok India restructured, Adidas appoints new MD

Jan 18, 2013

Moving on: Reebok India restructured, Adidas appoints new MD

German sportswear major Adidas group today announced a top management change in India with Erick Haskell, ex-COO of its China operations, coming in to head the business here #CorporateStrategy #Adidas #Reebok fraud