Investments

Agilitas acquires exclusive rights for Lotto brand in India, Oz, SA

SportzPower Team

Apr 19, 2024 20:04

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Indian sports and athleisure company Agilitas Sports has acquired exclusive licensing rights to design, manufacture, and distribute Italian shoe brand Lotto in India, Australia, and soon South Africa for a period of 40 years for an undisclosed fee.

Agilitas Sports, which acquired the rights from WHP Global, is co-founded by former PUMA India and South-East Asia managing director Abhishek Ganguly.

Apr 02, 2024 19:04

U.S. Polo Assn. targeting $1bn retail sales in India

WEST PALM BEACH, Fla: USPA Global has announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has delivered a record $2.4 billion in global retail sales in 2023.

Apr 01, 2024 17:04

F1 owner Liberty Media acquires MotoGP at $4.5bn+ valuation

Liberty Media Corporation, which owns and operates Formula 1, has announced an agreement to acquire MotoGP. Under the terms of Liberty Media's acquisition of MotoGP, Dorna Sports S.L., the exclusive commercial and television rights holder of MotoGP, will remain an independently run company attributed to Liberty Media’s Formula One Group tracking stock.

Mar 28, 2024 18:03

GroupM commits to double media spend on women's sports

NEW YORK, NY: GroupM, WPP’s media investment group, Wednesday announced its commitment to double media investment for annual women’s sports with the creation of a dedicated marketplace.

Mar 19, 2024 20:03

India sport biz crosses Rs15kcr in '23; cricket dominance up: Study

MUMBAI: The sports business in India stood at Rs 15,766 crore ($1.9 billion approx) in 2023. Tellingly, cricket’s (read Indian Premier League in particular) share of this is 87 per cent, up from 85 per cent in 2022. All other other sports, including football, kabaddi, hockey, badminton, to name some prominent ones, account for the remaining 13 per cent.

Mar 19, 2024 20:03

Game Theory forges strategic partnership with Credence Family Office

BENGALURU: Sports tech company Game Theory has forged a strategic partnership with Credence Family Office, a leading multi-family office. The collaboration aims to accelerate Game Theory's expansion plans to bring its multi-sport facilities and immersive training platforms to more sports enthusiasts across Bengaluru.

Mar 18, 2024 20:03

Decathlon global CEO announces accelerated investments in India

French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its "most important" global markets, its Global CEO Barbara Martin Coppola has said.

Mar 18, 2024 20:03

Cristiano Ronaldo announces launch of his wellness app Erakulis

PORTO, Portugal: Football superstar Cristiano Ronaldo has announced the upcoming launch of "all-in-one" wellness app Erakulis, of which he is also the founder.

Mar 15, 2024 21:03

UTT announces Ahmedabad SG Pipers as 8th team; Bhupathi CEO

MUMBAI: Ultimate Table Tennis (UTT) has added an eighth franchise to the league’s roster with the announcement of the SG Sports and Entertainment (SGSE) Pvt Ltd-owned unit that will represent Ahmedabad.

Mar 15, 2024 20:03

Sports mktg agency Two Circles acquires Let It Fly Media

Global sports marketing agency Two Circles has acquired Let It Fly Media, a US-based video production and content shop. The move enhances Two Circles’ global capabilities, supported by Let It Fly Media’s expertise in creating high-quality, impactful sports marketing content. As part of this acquisition, Let It Fly Media will now be officially known as Two Circles.

Mar 14, 2024 19:03

Reliance buys out 13% Paramount stake in Viacom18 for $500m+

Paramount Global has sold its entire 13.01% equity interest in Viacom18 Media to Reliance Industries. Post-transaction, Reliance’s equity stake in Viacom18 is slated to increase from 57.48% to 70.49% on a fully diluted basis. The deal, valued at Rs 4,286 crore ($517 million approx), has been finalized through a binding agreement between Reliance and two subsidiaries of Paramount Global.

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