Gainline Capital-backed Galaxy Universal to acquire the global product creation, sourcing and US footwear operations from Reebok.

Gainline Capital-backed Galaxy Universal, a global footwear company, agreed to acquire the global product creation, sourcing and US footwear operations from Reebok, a footwear and clothing brand. Financial terms were not disclosed. "I'm thrilled to add Reebok, one of the top athletic brands in the world, to our brand portfolio. As Reebok's US and global footwear operator, our focus will be to unleash Reebok's full potential and ensure we design and produce the best athletic shoes for customers worldwide. We look forward to building on Reebok's great heritage and writing the next exciting chapter of this iconic brand," Eddie Esses, Galaxy CEO.