Reebok Q3 operating profit drops by a third

FRANKFURT, Nov 4 (Reuters) - The operating profit of Adidas (ADSG.DE) unit Reebok fell 34 percent in the third quarter to 17 million euros ($25.1 million), Adidas said on Wednesday.

Adidas bought Reebok in 2006 to complement its strength in classic sportswear and to compete against No.1 Nike (NKE.N), however Reebok still struggles, particularly in its North American home market.

(Reporting by Christian Kraemer and Eva Kuehnen)