Nike And Manchester United "Break Up" Adidas Intends To Take Over Manchester United

< p > > a href= "http://sjfzxm.com/news/index_cj.as" > International < /a > sports equipment manufacturing giant Nike issued a statement on the 8 th, saying that after next season, no longer will provide the basketball players and basketball shoes and other equipment to the Premiership "red devil" United.

"Manchester United is a great club with enthusiastic fans."

Nike said in a statement, "however, cooperation with any club is to win a win-win situation, and the renewed contract with Manchester United is no longer in the interests of Nike shareholders.

We look forward to having a good cooperation with the club last season. "

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< p > however, the sponsor of the Premier League is not short of a successor.

According to British media reports, Adidas is close to reaching a 10 year contract with Manchester United. If the two sides join hands, ADI will start the next season with the total amount of 750 million pounds for the "Red Devils" to provide football equipment such as jerseys and shoes.

By contrast, Nike is willing to offer a 10 year contract with a total amount of 600 million pounds.

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Except for Adidas, other sponsors are eyeing P.

Both Puma and the sponsor warriors from the United States are willing to take over Manchester United's poor club in last season's Premier League and Champions League.

Manchester United played only the seventh place in last season's Premier League, and for the first time since 1990, they did not win the European season after the season.

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< p > Nike started sponsoring Manchester United in 2002.

The breakup also resulted in fluctuations in the stock price of the two sides in the NYSE. Nike shares fell 1.2% on that day, while Manchester United shares fell 0.5 percentage points.

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< p > < a href= > http://sjfzxm.com/news/index_cj.as > link > /a >: Women's clothing wholesale business in the United States is in the doldrums. Levis's net profit plunged 76.2 in the two quarter.

< p > Levis announced yesterday that the net profit in the two quarter of fiscal 2014 dropped by 76.2% to 11 million 500 thousand dollars in the two quarter of last year due to the high cost of liquidation of debts and business restructuring. After adjusting for the above expenses, the pre tax profit decreased 6.5% to 92 million 600 thousand dollars compared with the same period last year, compared with 99 million dollars in the same period last year.

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"P" was dragged down by the continuing downturn in the wholesale business of women's clothing in the United States. Levis's income in the two quarter ended May 25th decreased by 1.6% to $1 billion 80 million, while sales in the Americas and the Asia Pacific region decreased by 3.2% and 2.2% to 645 million US dollars and 176 million US dollars respectively, while European sales increased 3.2% to 261 million dollars.

Gross profit margin decreased by 90 basis points to 49% over the same period last year.

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"Despite the encouraging performance improvement in Europe and Asia, the continued decline in passenger traffic and the more serious discount environment have put pressure on the American market," Chip Bergh, President and chief executive officer of P Levis, said in the earnings report.

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< p > Levis started business restructuring and cost reduction plan in March this year.

The first phase of the plan will reduce about 800 non retail and non manufacturing jobs in the next 12-18 months, accounting for nearly 20% of the total number of employees. It is expected to save 75 million -1 billion a year, aiming at streamlining the company's business and promoting long-term profit growth.

But layoffs will cost about $65 million, which is recorded in the first quarter of fiscal year 2014.

The cost reduction of the whole business restructuring plan is 1.75-2.00 billion US dollars per year.

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