Group 1 - Anta Group has reached an agreement with Authentic Brands Group (ABG) to acquire the Reebok brand, with the transaction nearing completion [1] - Anta's interest in Reebok has been evident since March, with previous reports indicating that Anta was on the list of potential buyers before ABG acquired Reebok from Adidas for $2.5 billion [1][3] - Reebok, founded in 1958, was once a leading brand in the athletic footwear market, surpassing Nike in sales in 1987 with $1.4 billion [1][3] Group 2 - Reebok's brand value has declined by over 30% since its peak, and despite attempts at transformation under Adidas, the brand has struggled to regain market presence [3] - In China, Reebok's sales on major e-commerce platforms totaled only 160 million RMB, indicating poor performance in the market [3][4] - The pricing of Reebok products in China is significantly lower than in overseas markets, which may affect brand perception and competitiveness [4] Group 3 - The acquisition of Reebok by Anta presents challenges in managing multiple independent research and development systems, as well as integrating supply chains and marketing resources [8]