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Asics America terminates agreement with Windsor

Jun 25, 2015 United States
Asics America terminates agreement with Windsor
The athletic footwear company announced that it has terminated its retail operating agreement with Windsor Financial Group, LLC effective immediately

The agreement, in place since May 2012, was terminated following alleged material breaches by Windsor, the independent licensee owning and operating some Asics branded retail stores.

It is anticipated that Windsor may likely close 13 Asics retail stores across the US.

More than 1 000 Asics’ sports retail partners, as well as the company’s outlet stores and its Internet sales will remain unaffected.

“Asics America remains committed to providing excellent retail experiences for our loyal customers,” stated Kevin Wulff, CEO and president of Asics America Group, in a statement, adding: “While it is unfortunate the relationship with this partner did not work out, the experience has taught us a lot about the direction we need to go with respect to retail stores. In the meantime, Asics products remain fully available online and through specialty and sporting goods establishments around the country.”

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