EXCLUSIVE

Beyonce Didn't Bail on Reebok for Diversity Issues ... Shoe Company Says

Beyonce did NOT walk out of a meeting with Reebok because it lacked diversity contrary to reports ... this according to the shoe company.

A rep for Reebok tells TMZ ... "The report that Beyoncé walked out of a meeting with Reebok due to lack of diversity is categorically false. Our discussions with Beyoncé and her team continued for several months after our initial meeting. We are disappointed that false information is being reported as fact."

It is not yet clear why the deal ultimately fell through.

This is about Beyoncé so you should watch it but also @NickDePaula tells a really interesting story of why Beyoncé walked out of her meeting with the Reebok people and ended up signing with the adidas side of the brand instead.
Representation, baby. pic.twitter.com/hE6R3Z4pm9

ICYMI ... ESPN reported during a segment on Rachel Nichols' show, "The Jump," claiming Bey walked out of a meeting with Reebok after realizing its corporate structure wasn't at all diverse.

As we reported ... it was just announced Beyonce ultimately signed with Adidas, which will relaunch Bey's Ivy Park line.

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