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Showing posts with label looks. Show all posts
Showing posts with label looks. Show all posts

Saturday, December 1, 2012

Brazil looks to score overseas shirt sales boost

29 November 2012 Last updated at 00:09 GMT By Will Smale Business reporter, BBC News, Soccerex, Rio Sao Paulo (white) play Fluminense in a Brazilian championship football match in November Brazilian football shirts are not widely available to buy in Europe or the US A host of colourful Brazilian club football shirts could be coming to sports shops across Europe and the US.

That's the aim of Brazilian sports official Pedro Trengrouse.

A lawyer who works for the country's National Sports Council, he says he wants to end the "very dangerous one-way globalisation" that sees European clubs such as Manchester United and AC Milan have their shirts on sale in Brazil, but not vice versa.

While the famous yellow and green Brazilian national strip has long been available to buy in Europe and the US, Mr Trengrouse aims for the country's biggest club teams to follow suit.

He wants to see the red and black shirts of Rio's Flamengo and the white tops of Sao Paulo's Corinthians, to name but two sides, flying off shopping rails from London to Rome.

Speaking in Rio de Janeiro at the Soccerex global football finance and business convention, Mr Trengrouse said he hoped that the 2014 World Cup - which Brazil is hosting - would drive such overseas commercial expansion.

'New model'

"Foreign clubs have long been developing their brands abroad, but I haven't been able to find one shirt of a Brazilian club team overseas," he says.

"We need to access the global market… the World Cup and the 12 new stadiums will represent a change… of bringing more commercialisation to Brazilian football."

Brazil players celebrate a goal against Argentina Continue reading the main story

Until the 1950s, the Brazil national team played in an all-white kit with a blue collar trimming.

However in the trauma that followed their failure to win the World Cup on home soil in 1950, the national team kit was accused of "lacking patriotism".

A competition was held to pick new colours, and the winning design was a yellow jersey with green trim and blue shorts with white trim.

It was designed by 19-year-old Aldyr Garcia Schlee, and includes the four colours of the Brazil national flag.

It is now one of the most famous football kits in the world.

In a number of talks at Soccerex looking at how well Brazilian football clubs are run from a commercial point of view, the general consensus was a mixture of disappointment at the current weak position, and high levels of optimism at the opportunity presented by the World Cup.

In addition to the export situation explored by Mr Trengrouse, others said they hoped the World Cup would act as a catalyst to boost the level of professionalism in the way the country's club sides are run as commercial operations, especially in terms of maximising sponsorship revenues.

Mauricio Assumpcao, president of Rio de Janeiro-based club Botafogo, said his team had already started work to improve matters.

"In 2009 we realised that we had to have a different model," he said.

"So we said that players could only give interviews when they were wearing their official shirt."

While such a situation - protecting sponsors and clothing suppliers - has long been in place in European sport, and especially in the US, it appears to be relatively new in Brazil.

Sponsorship 'activation'

To help Brazilian football clubs run themselves in a more professional way, their sponsors are now having a much great involvement, to an extent that would perplex or even appal leading teams in Europe.

Ricardo Tadeu De Soares, vice president of sales at Brazil's brewing giant AmBev, part of Brazilian-Belgian group Anheuser-Busch InBev, the world's largest brewer, said his company worked closely with the biggest four football teams in Rio on work to improve their wider facilities.

Ambev beer brands being loaded into a fridge at a bar in Rio de Janeiro AmBev is hoping to benefit from its football connections

Showing AmBev was helping the clubs generate a deeper benefit from the sponsorship arrangement allowed his company to better connect with the clubs' supporters, who would then be more likely to become "brand consumers", he added.

So not entirely an altruistic act by the brewer.

Both Walter De Mattos, editor of Brazilian sports newspaper Lance, and Richardo Fort, a marketing boss at global credit card giant Visa, described such efforts by sponsors in Brazil to help football clubs as "activation", as in activating their brand, rather than simply being a passive sponsor, which they said would not be successful.

Mr De Mattos said such sports sponsorship would only continue to grow in Brazil, because sponsoring teams allowed sponsors to benefit from being associated with something seen as both positive and emotional.

Plus, he said, increased sponsorship of football would only help the sport develop as a business, and "help Brazil get the GDP [gross domestic product] we deserve".


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Thursday, November 1, 2012

BP hikes dividend, looks beyond 2014

A logo on a British Petroleum petrol station is seen in London April 30, 2010. REUTERS/Toby Melville

A logo on a British Petroleum petrol station is seen in London April 30, 2010.

Credit: Reuters/Toby Melville

By Andrew Callus and Sarah Young

LONDON | Tue Oct 30, 2012 4:50am EDT

LONDON (Reuters) - British oil company BP Plc (BP.L) raised its dividend on Tuesday and signaled a more upstream-focused future beyond 2014 along with stronger than expected quarterly profits.

Chief Executive Bob Dudley also outlined the British group's preparedness for a court battle with U.S. authorities over its 2010 U.S. Gulf oil spill, and declared the new Russian strategy it announced last week a "truly distinctive position in one of the world's largest and most important oil and gas provinces."

Third quarter underlying replacement cost profit fell to $5.2 billion from $5.5 billion a year ago. A shrinking business, lower production and lower crude prices took their toll, but the effect was partly offset by a co-incidence of strong refining margins and the company's highest availability of refinery capacity in years.

The result was ahead of analysts' expectations of around $4.1 billion, mainly because of the refining result, and up from $3.7 billion in the second quarter.

BP jacked up its dividend by 12.5 percent to 9 cents a share, its second dividend increase since the spill interrupted payouts.

"They're very strong numbers. They've successfully captured in Q3 refining margins, certainly within the U.S. so that's the reason for the strength within the Q3 earnings," said Bernstein analyst Oswald Clint.

BP has fallen to a distant fourth in the top tier of oil and gas companies after the Macondo well disaster, and amid uncertainty over the future of its Russian operations.

The company had shed vast chunks of its business since the spill that killed 11 people and triggered the United States' worst ever offshore environmental disaster in a bid to raise enough cash to pay compensation.

It is in talks with the Department of Justice and other U.S. agencies regarding a final settlement, but despite reports during this year that an out-of-court deal was close, no such agreement has materialized.

"Whilst it (BP) is ready to settle on reasonable terms, a number of unresolved issues remain and there is significant uncertainty as to whether an agreement will ultimately be reached." BP said in its results statement.

"BP has repeatedly said that it is willing to settle on reasonable terms but otherwise continues to prepare vigorously for the start of trial."

BP said trial is now scheduled for late February 2013.

RUSSIA PLAY

BP last week embarked on a plan to re-arrange its assets in Russia, agreeing to sell its half of the profitable but mature and troublesome TNK-BP (TNBP.MM) business for $12.4 billion in cash plus a 19.75 percent stake in state-controlled Russian group Rosneft (ROSN.MM).

The aim is to realise a return from a business that has paid no dividends back to BP this year due to disputes with its co-owners, AAR, and to establish a relationship with Rosneft, which is at the center of a much more government-controlled approach to resource development in Russia than was the case when BP bought into TNK-BP in the 1990s.

POST-2014

Beyond that, Dudley also sketched BP's plans beyond 2014 for the first time, predicting a more upstream focused and more oil-centric oil and gas group in future.

"BP expects to generate future growth through increased investment in new upstream projects in higher-margin areas and through new access and exploration," he said.

"BP's business portfolio is expected to become more tightly focused around its strong existing positions and its key operating strengths."

Ironically, TNK-BP, like the refining operations it is busy shedding as part of its divestment programme, also underpinned BP's performance beating result, according to some analysts, many of whom remain sceptical that BP can catch up with its rivals in the industry.

"The sale of TNK-BP to Rosneft, while the removing the headache of being in partnership with AAR, still leaves BP as a large minority in company heavily influenced by the Russian state and Macondo settlement with the US DoJ appears no closer," said Richard Griffiths of Oriel Securities in a research note maintaining his Hold recommendation.

Bigger rivals Exxon Mobil (XOM.N), Royal Dutch/Shell (RDSa.L) and Chevron (CVX.N) are due to report their results later this week.

BP shares were up 3.7 percent at 440.8 pence in morning trade. The stock is still down 33 percent from levels before the 2010 oil spill, while Europe's STOXX oil and gas index .SXEP is down 4 percent over the same period.

(Reporting by Andrew Callus; Editing by Sarah Young)


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