https://www.zerohedge.com/markets/under-armour-wants-terminate-280-million-apparel-deal-ucla
How far might this spread with other apparel companies and schools?
How far might this spread with other apparel companies and schools?
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Under Armour to terminate apparel deal with UCLA
There's a lot of uncertainty that won't be resolved for many months if not years. A lot of distressed companies will need to reorganize through bankruptcy, and it remains to be seen how much damage this does to the business of education.
A lot of these large, long-term contracts are going to be under pressure. If either side is at risk of going under, or starts harming one side much more than the other, there will be posturing and renegotiation. The fallout of the pandemic, and weakness in the economy is just beginning.
A lot of these large, long-term contracts are going to be under pressure. If either side is at risk of going under, or starts harming one side much more than the other, there will be posturing and renegotiation. The fallout of the pandemic, and weakness in the economy is just beginning.