November 05, 2018
The deal is reported to guarantee the club €110 million per year for 10 years which would actually eclipse the guaranteed amount Nike is paying FC Barcelona of €83 million, though incentives could raise that to €155 million.
While Nike’s recent struggles with a culture that facilitated sex discrimination and a boys’ club mentality have made headlines, Under Dog has faced similar issues with its management culture, according to the Wall Street Journal.
Net income was $4,127,000 compared to a loss of $1,583,000 for the period ended Sep. 30 as sales improved 22% to $55,686,000 from $45,774,000 with domestic sales up 24% to $26,268,000 vs. $21,141,000 and international up 20% to $29,518,000 compared to $24,633,000.
Net income rose 21% to RMB 2,153,785,000 ($312.5 mm) from RMB 1,785,398,000 as sales increased 11% to RMB 9,158,900,000 ($1,329.3 mm) from RMB 1,785,398,000 for the six months ended Jun. 30 at the apparel supplier to Nike, Adidas and Uniqlo.
U.S. outdoor industry sales declined 2% overall to $18.8 billion in the 12 months ending August 2018, the NPD Group reported, but the $3 billion outerwear market grew 2% over the same period.
The football helmet maker’s latest investment round includes participation from Packers’ QB Aaron Rodgers through Rx3 Ventures, joining Roger Staubach, Russell Wilson and other current and former players who have invested in the company.
The Big a is suing about 200 more websites selling Yeezy, Adidas and Reebok knockoffs, many of which use the trademarked brands in their URLs.