Adidas’ Reebok purchase gives it extra muscle in China:
Adidas’ $3.8 billion purchase of Reebok International will help the companies open more stores and compete against Nike Inc. for leadership in China, the world’s fastestgrowing athletic gear market. “We are growing faster in China than Nike and together with Reebok we are bigger,” Adidas CEO Herbert Hainer said. “We can offer our full organization in China to help Reebok build stores.” Germany-based Adidas and Massachusetts-based Reebok announced their merger in early August. The companies haven’t disclosed what the pairing…