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Reebok has acquired Luta Sportswear, the London-based martial arts and boxing brand, for undisclosed terms.

Reebok is planning to open a further six sports stores in the M25 area by the end of the year, having just opened the first in London's Covent Garden.

Reebok is considering plans to open a new chain of sports stores, starting with a site in London's West End.

Reebok is planning to relocate the UK headquarters of its sports equipment business and some of the 160 staff from Bolton to the Adidas office in Stockport by the end of the year.

Reebok, the sportswear supplier, is to relocate 250 sales, marketing and administration jobs from Lancaster to Stockport and Bolton.