The sneaker giant released its impact report hours after Adidas reported its most recent earnings.
While trumpeting a new five-year strategy, Adidas said little about the sales process for its troubled Reebok brand.
There have been a series of senior executives changing jobs recently.
The Los Angeles designer, one of the few women to have a place in the cradle of streetwear, Fairfax Avenue, grew her celeb-loved jewelry collection into apparel and collaborations with Reebok and Nike.
A few senior-level executives have exited at Reebok, Nike and New Balance.
The athletic company was sold to Adidas in 2006 for $3.8 billion, but it has subsequently been valued at less than $1 billion.
Adidas expects to reveal its decision by its annual investor conference in March.
The German brand will announce its decision in March.
With more than 20 years of b-to-b and b-to-c experience, Free is expected to offer data-driven insights.
Sales slipped 3 percent in the third quarter, and a similar trend is expected in the fourth quarter.
The long-rumored sale seems to have been made more likely by the coronavirus pandemic.
The CFDA Award winner will also release in 2022 the first products of Reebok’s Product With Purpose program.
The apparel and footwear collection inspired by characters Diana and Cheetah will launch on Sept. 17.
Reebok is teaming up once again with streetwear designer Eric Emanuel to debut the “Reebok x Eric Emanuel Club C” sneaker this week.
At a press conference for second-quarter results, Adidas executives tackled many of the controversies dogging the company, including allegations of corporate racism, selling Reebok and speculation about a multibillion-euro bond.