The Japanese brand has signed an agreement with the International Paralympic Committee to become its official supplier until the end of 2020 in a major deal that will position it as a leader in the para sports arena.
It looks like times were tough for Japanese sports giant Asics during Q1 as the company’s consolidated net sales and profits were down. But at least the percentage profits fall was less than the sales drop.
Japanese sportswear major Asics is looking to tap the booming sportswear market in the country by expanding its physical network across the country and plans to add as many as 20 stores by the end of the next fiscal.
Sportswear brand Asics is looking to open fully owned company stores in India by increasing its manufacturing in the country to 30 percent in order to comply with the rules under foreign direct investment.
Major Australian cricket team sponsors including Asics and Qantas Airways said on Monday they were assessing their relationship with the country’s favorite pastime as the fallout from a ball-tampering scandal escalates.
Nike has dominated Brand Finance's most valuable apparel brand ranking in 2018, followed by giants H&M and Zara and Adidas, with luxury labels Hermès, Louis Vuitton, Gucci and Cartier all trialling close behind.