Monday, 22 October 2012

Oakley drops Lance Armstrong | armstrong, oakley, foundation - Business - The Orange County Register


Oakley drops Lance Armstrong

Foothill Ranch-based Oakley Inc. joins the list of major sponsors that have severed ties with the athlete.
  
By LISA LIDDANE / THE ORANGE COUNTY REGISTER
Foothill Ranch-based Oakley Inc. on Monday became the latest company to drop Lance 
Armstrong after Union Cycliste Internationale, the international cycling union, stripped the 
cyclist of his seven Tour de France titles
Oakley, the manufacturer and retailer of performance sunglasses and sports apparel, said
 it has severed its relationship with Armstrong, effective immediately, and based its decision 
in part on "the overwhelming evidence that (U.S. Anti-Doping Agency) presented."
Article Tab: In June 2010, cyclist Lance Armstrong wore Oakley Livestrong sunglasses while competing in the Tour de Luxembourg. Oakley was a long-time sponsor of Armstrong until Monday, when it severed its ties to the cyclist.
In June 2010, cyclist Lance Armstrong wore Oakley Livestrong sunglasses while competing in the Tour de Luxembourg. Oakley was a long-time sponsor of Armstrong until Monday, when it severed its ties to the cyclist.
"When Lance joined our family 
many years ago, he was a symbol 
of possibility," according to a company 
statement. "We are deeply saddened
 by the outcome, but look forward with
 hope to athletes and teams of the future
 who will rekindle that inspiration by racing
 clean, fair and honest."
The company, a division of Milan-based
 Luxottica Group SpA, is cutting its
 ties to Armstrong, but not to Livestrong,
 the foundation he launched to supports
 people with cancer. Armstrong stepped 
down as foundation chairman Wednesday.
"We believe the Livestrong Foundation has
 been a positive force in the lives of many 
by cancer and, at this time, Oakley will 
continue to support its noble goals," 
the company said.
Oakley will continue to manufacture
 Livestrong-related men's and women's
 products, which feature the foundation's
 signature yellow branding, includinga $3,050 special edition carbon fiber and titanium watch, sports sunglasses ranging from $149.99to $290 and prescription eyeglasses priced from $240 to $250. For every purchase of the special edition sunglasses, Oakley provides $20 to the foundation.
Other sponsors have ended their affiliation with Armstrong, including Nike, Michelob Ultra,
 Trek Bicycle Corp., 24 Hour Fitness and Honey Stinger since the U.S. Anti-Doping 
Agency report was released earlier this month. The national anti-doping organization found 
that Armstrong and his cycling team "ran the most sophisticated, professionalized and 
doping program that sport has ever seen."

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