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Fireman and PLC agreed that neither party would sell its stock to third parties.
A few years later, Reebok's sales exceeded $1.5 million and the company contracted with a South Korean firm to manufacture the shoes. In 1982, the company introduces the first woman's athletic shoe. Sales rose to $3.5 million in 1982, and in 1983 the sales increased to $12.8 million. By 1985, Reebok's sales reached $307 million. The same year, Reebok International and Reebok USA., Ltd merged and Reebok International, Ltd was formed. Stock was issued to the public at $6, and in 1986 the price of one share rose to stunning $38...
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