New Balance Athletics Inc. announces the upcoming launch of its new brand called Klutch Athletics. The sports footwear and apparel maker said this is a unit created by LeBron James’ agent and business partner, Rich Paul.
Paul is the founder of Klutch Sports Group and on Wednesday, Feb. 15, he also shared that he has formed a new sportswear brand with New Balance. The Klutch Athletics is set to debut in spring.
New Balance said that the first collection under the new sportswear label includes a line of training apparel for young athletes, men, and women. According to Fox Business, the Boston, Massachusetts-based footwear maker shared that Klutch Athletics will also go live online on April 27. It will also be available in some stores on this date.
Paul and New Balance said customers will see "iconic" gray shades and a touch of green in the items. Prices of the new products will vary - a t-shirt has starting price of $40 while a hoodie may have a $120 price tag.
In any case, the goal of Klutch Athletics for forming the brand is to support and serve all athletes in their athletic journey, starting in their youth, to collegiate, and finally to the professional sports level. New Balance’s SVP Julie Pike added that the center of their collaboration with Paul is connecting the community, athletes, and culture.
“Together, with Rich Paul and Klutch Athletics, our shared goal is to create a unique product collection and storytelling vision that celebrates the intersection of youth sport and culture,” Chris Davis, the chief marketing officer and senior vice president of merchandising at New Balance, said in a press release. “Rich has deep cultural roots in the world of sport and together we will realize a vision that has yet to be seen by the modern-day athlete. We always strive to take a differentiated approach - this partnership truly exemplifies our independent mindset as a brand.”
Photo by: Henry & Co./Unsplash


ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 



