FRANKFURT, Sept 21 (Reuters) - Adidas slashed its 2015 sales target for its struggling Reebok brand to 2 billion euros ($2.6 billion) from 3 billion euros after losing a major American football contract and fraud was discovered at its Indian operation.
The German company, the world's second-largest sports apparel company behind Nike, bought Reebok in August 2005 for $3.8 billion. It enjoyed initial success with a range of toning shoes, but has since struggled to find its feet.
Sales at Reebok
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