Lotto news and archive

Lotto to relaunch in North America through new lifestyle apparel license

The parent company of Lotto, WHP Global, has established a new licensing partnership that will see the Italian brand enact its “most significant North American fashion relaunch to date”. The deal was struck with Pure Cotton Global Group, which has been tasked with designing, manufacturing, and distributing a lifestyle apparel line across the US...

Retail

Lotto launches in India with Agilitas Sports partnership

Lotto, the Italian sportswear brand, has officially entered the Indian market with an ambitious five-year plan to achieve a revenue of Rs. 1,000 crore (approximately 120 million dollars). This strategic foray is spearheaded by Agilitas Sports, a rapidly emerging entity in India's sportswear landscape, which holds exclusive rights for the Lotto...

Fashion

Lotto invests in Brooklyn Aces pickleball team

Italian sports brand Lotto has become the first athletic brand to co-own a professional Pickleball team following a strategic partnership with the Brooklyn Aces. Lotto, known for its footwear, apparel and accessories in tennis and football, has invested in the Brooklyn Aces alongside owners Kevin Durant, Rich Kleiman, Drake and Michael B....

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Retail

Dray to manufacture and distribute Lotto brand in Brazil

WHP has announced a new long-term licence for Lotto with Dray Indústria e Comércio, a sports footwear and clothing company. As part of the agreement, Dray will have the exclusive rights to develop, manufacture, promote, and distribute the Lotto brand in Brazil. Lotto is distributed in over 100 countries and is currently worn by more than 40...

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Business

Agilitas to design and distribute Lotto products in India, Australia and South Africa

WHP Global has announced a new long-term licence for Lotto with Agilitas Sports. Through this licence, WHP said in a release, Agilitas will have the exclusive rights to design, manufacture, promote, and distribute the Lotto brand in India, Australia, and soon in South Africa. Commenting on the development, Stanley Silverstein, chief commercial...

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Business

WHP secures deal to expand Lotto in Germany and Poland

Brand management firm WHP Global has announced that it has signed a long-term licence agreement with Schmidt Group subsidiary Fashioncenter GMBH for the sportswear brand Lotto. The deal continues Fashioncenter and WHP’s ongoing relationship, previously established for the licensing of Kappa 25 years ago. Through the latest agreement,...

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Business

WHP acquires global trademark rights for Lotto brand

WHP Global has acquired the global trademarks for the iconic Italian sports brand Lotto. The company said in a statement that Lotto Sport Italia S.p.A. (LSI) and its current leadership team, including CEO Andrea Tomat, will continue to operate the Lotto brand in the core markets of Italy, Europe, the Middle East, and Africa. The company added...

Retail

Lotto to expand India retail, partners Ace Turtle to strengthen presence

Italian sportswear brand Lotto has partnered with Ace Turtle to strengthen its presence in the Indian market. Lotto which currently has 40 stores in the country plans massive retail expansion and will be adding 60 stores every year. It is banking on Ace Turtle’s technology to increase its customer base in India and drive its online sales...

Retail

Lotto on retail expansion spree, will add more stores in Tier II, III cities

Footwear brand Lotto runs around 40 EBOs and plans to add another 60 stores every year. Additions to retail space will continue at an accelerated space over the next years across Tier II and III cities. Lotto has created a niche in the Indian sportswear market targeting value segment customers. It has grown significantly over the last two or...

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Business

SSIPL gets Sebi nod for IPO launch

Footwear company SSIPL Retail has got a go ahead from the capital markets regulator Sebi to launch an initial public offering (IPO). The company had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker Axis Capital March this year. Sebi issued its final observations on the draft offer documents on May 25. The...

Apparel

Foreign footwear brands establish presence in India

As per a recent Assocham report, the 35 billion dollars (Rs 2,22,810 crores) Indian footwear industry has become an attractive destination for many global players. Growing at a CAGR of 15 percent, the industry is likely to touch the 60 billion dollars (Rs 3,81,960 crores) mark by 2015. While international brands largely dominate the higher end...

Fashion

Lotto to roll out 100 retail outlets by next year

Having kept a good pace of growth at 25 percent per annum, brand Lotto has recently extended its licensing contract for another 15 years in India. Also on the cards is retail expansion across the country. The journey so far has been satisfactory even though there were ups and downs. However, there was a significant turning point, when Lotto...