Authentic Brands Group has replaced Luen Thai Group as the operating partner for Reebok in mainland China, Hong Kong and Macau, shifting the business to Xinrui Sports (Shanghai) Co., Ltd., after several years of weak sales in the market, according to information obtained exclusively by Jiemian News.
The company’s previous round closed in March 2025, raising $40 billion against a $300 billion valuation. At the time, it was the largest private funding round on record.
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Hosseini had been in the COO role since April 1, 2025, after a promotion, and continued to hold his prior role of CEO of Evergreen & Emerging Brands. His elevation at Match Group followed a shakeup in internal leadership, which also saw Match Group President Gary Swidler leave the company amid other layoffs designed to save the company $100 million annually.