STAND BY YOUR MAN: Reebok isn’t about to walk away from NBA star Allen Iverson, who was charged Thursday with criminal trespassing, carrying an unlicensed gun and seven other counts. Reebok execs contend the hoopster’s stardom is to blame, not the gun that was allegedly tucked in his waistband on July 3, when he and his uncle were said to have forced their way into a West Philadelphia apartment in the middle of the night looking for Iverson’s wife.In defense of Iverson, a Reebok-sponsored athlete, Denise Kaigler, vice president of global communications said, "We are obviously disappointed with today’s decision. It is Allen’s celebrity status, not the facts, that continues to fuel these proceedings. We firmly believe that Allen will be vindicated and Reebok, along with his millions of fans, will still be standing by him when he is."

END OF THE FIRST PART: Fin.part reported that its sales for the first half of the calendar year rose 18 percent to $214.8 million from $182 million in the comparable period last year. A statement issued by the company noted that Cerruti, whichowns Fin.part, grew 34 percent in the period. Sales of the sportswear division — which includes Henry Cotton’s, Moncler, MarinaYachting andCerruti Jeans — grew 30 percent. Comprehensive financial results, including earnings, for the first half will be released later.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus