Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Lacoste Strikes Five-Year Sponsorship Deal With Miami Open

Lacoste SA, the French clothing maker known for its crocodile logo, signed a five-year sponsorship agreement with the Miami Open tennis tournament as it tries to boost sales in its biggest market.
By
  • Bloomberg

PARIS, France  Lacoste SA, the French clothing maker known for its crocodile logo, signed a five-year sponsorship agreement with the Miami Open tennis tournament as it tries to boost sales in its biggest market.

Lacoste generates about 40 percent of revenue in the U.S., with Florida its biggest market with 15 stores, Berta de Pablos, Lacoste vice president branding and communication, said in an interview.

The agreement with the Miami Open, an annual event that attracts 300,000 spectators, may add “between 20 and 30 percent,” in sales in Florida alone over the next two years, De Pablos added. She declined to disclose financial details.

Lacoste will become the official tennis, clothing and footwear outfitter of the event starting next year. It will also open shops on site for the first time outside of the four Grand Slam championships.

ADVERTISEMENT

Held at the Crandon Park Tennis Center on Key Biscayne, the two-week Miami Open — a combined event for the top players on both the men’s and women’s tennis tours — is owned and operated by talent agency IMG Worldwide Inc.

Lacoste, which was bought by Swiss retail-investment company Maus Freres in 2012, is the third global brand to join the Miami Open as a partner this year after Brazilian bank Itau Unibanco Holding SA and MasterCard.

By Danielle Rossingh; editors: Christopher Elser, Sara Marley.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.

How Rent the Runway Came Back From the Brink

The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.


Why Esprit’s Ambitious Rebrand Fell Short

The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.


How Adidas Sambas Took Over the World

The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024