Curry chooses Chinese co as new sneaker partner
The greatest shooter in NBA history is getting it done from long distance again. Steph Curry announced a 10-year brand partnership deal with Li-Ning, a China-based sportswear company, to produce basketball gear, athleisure, and a full golf line. Terms of the deal were not disclosed. Curry parted ways with a faltering Under Armour seven months ago, ending a 12-year relationship that included a shoe that was roasted like no other in 2016. With Li-Ning, the 38-year-old is looking beyond the end of his career (he sees golf as part of that future) to join a company that’s closing the gap on Nike in China:
Nike’s foothold in China is slipping. In the last four full years, the Swoosh has seen sales fall in its Greater China market, which includes Taiwan, by 20% as the company grapples with stiffer domestic competition. Mutually beneficial: While this team-up will bolster Curry’s already immense popularity in the world’s second-largest basketball market, it’s also an opportunity for Li-Ning to make financial inroads in the US. |
