Reebok in
ternational fraud case Reebok International Ltd Fraud case…
Q.no:-1 Detailed profile of the company?
Reebok International Limited, a subsidiary of the German company Adidas since 2005,[4] is a producer of athletic shoes, apparel, and accessories. The name comes from the Afrikaans spelling of rhebok, a type of African antelope or gazelle. In 1890 in Holcombe Brook, a small village 6 miles north east of Bolton, United Kingdom, Joseph William Foster was making a living producing regular running shoes when he came up with the idea to create a novelty spiked running shoe. After his ideas progressed he joined with his sons, and founded a shoe company named J.W. Foster and Sons in 1895.
In 1958, two of the founder's grandsons Joe and Jeff Foster renamed the company Reebok in the United Kingdom, having found the name in a dictionary won in a race by Joe Foster as a boy; the dictionary was South African edition hence the spelling.[6] The company lived up to the J.W. Foster legacy, manufacturing first-class footwear for customers throughout the UK. Reebok International Ltd. Type | SeeensdnbjjdS Subsidiary | Industry | Sports Equipment | Founded | 1895 in England, in United Kingdom | Founder | J.W.Foster | Headquarters | Canton Massachusetts | Area served | Worldwide | Key people | Uli Becker | Products | Sportswear, Footwear | Net income | $5400 million | Parent | Adidas | Website | www.reebok.com |
Q.no:-2 Any Fraud or Fraudness of the company?
Reebok India lodged an FIR, accusing two former executives of committing a Rs 870-crore fraud, the Gurgaon police is waiting for substantiating documents from the sports shoemaker to back its allegations.
"Once they give us the required documents in complete form, we will go ahead with further action," said Gurgaon Police DCP (East) Maheshwar Dayal. The police can pursue its investigations and chart out its new course of action only after assessing all documents, he said.
Reebok India’s sacked
Q.no:-1 Detailed profile of the company?
Reebok International Limited, a subsidiary of the German company Adidas since 2005,[4] is a producer of athletic shoes, apparel, and accessories. The name comes from the Afrikaans spelling of rhebok, a type of African antelope or gazelle. In 1890 in Holcombe Brook, a small village 6 miles north east of Bolton, United Kingdom, Joseph William Foster was making a living producing regular running shoes when he came up with the idea to create a novelty spiked running shoe. After his ideas progressed he joined with his sons, and founded a shoe company named J.W. Foster and Sons in 1895.
In 1958, two of the founder's grandsons Joe and Jeff Foster renamed the company Reebok in the United Kingdom, having found the name in a dictionary won in a race by Joe Foster as a boy; the dictionary was South African edition hence the spelling.[6] The company lived up to the J.W. Foster legacy, manufacturing first-class footwear for customers throughout the UK. Reebok International Ltd. Type | SeeensdnbjjdS Subsidiary | Industry | Sports Equipment | Founded | 1895 in England, in United Kingdom | Founder | J.W.Foster | Headquarters | Canton Massachusetts | Area served | Worldwide | Key people | Uli Becker | Products | Sportswear, Footwear | Net income | $5400 million | Parent | Adidas | Website | www.reebok.com |
Q.no:-2 Any Fraud or Fraudness of the company?
Reebok India lodged an FIR, accusing two former executives of committing a Rs 870-crore fraud, the Gurgaon police is waiting for substantiating documents from the sports shoemaker to back its allegations.
"Once they give us the required documents in complete form, we will go ahead with further action," said Gurgaon Police DCP (East) Maheshwar Dayal. The police can pursue its investigations and chart out its new course of action only after assessing all documents, he said.
Reebok India’s sacked