82 640
Fashion Jobs
NEWELL
sr Analyst, Treasury
Permanent · NORWALK
NEWELL
Operations Manager
Permanent · FISHERS
NEWELL
Account Manager, Rubbermaid Commercial Field Sales
Permanent · NEW ORLEANS
AMRG
Sales Supervisor - Full Time
Permanent · ORLANDO
AMRG
Sales Supervisor- Full Time
Permanent · CABAZON
AMRG
Sales Supervisor - Full Time
Permanent · WOODBURY
AMRG
Sales Supervisor - Part Time
Permanent · WOODBURY
NORDSTROM
Asset Protection - Agent - Westfarms
Permanent · FARMINGTON
NORDSTROM
Asset Protection - Agent - LA Jolla University Town Center
Permanent · SAN DIEGO
NORDSTROM
Retail Stock - Tampa Rack
Permanent · TAMPA
NORDSTROM
Asset Protection - Agent - Southlands Rack
Permanent · AURORA
NORDSTROM
Retail Stock - Glendale Fashion Center Rack
Permanent · GLENDALE
NORDSTROM
Manager - Operations - Galleria at Roseville
Permanent · ROSEVILLE
NORDSTROM
Asset Protection - Security Ambassador - Valley Fair
Permanent · SAN JOSE
NORDSTROM
Retail Stock - Northbrook Rack
Permanent · NORTHBROOK
NORDSTROM
Asset Protection - Agent - Valencia Promenade Rack
Permanent · SANTA CLARITA
NORDSTROM
Asset Protection - Agent - Pentagon Center Rack
Permanent · ARLINGTON
NORDSTROM
Asset Protection - Agent - The Gardens
Permanent · PALM BEACH GARDENS
NORDSTROM
Asset Protection - Agent - Pinole Vista Crossing Rack
Permanent · PINOLE
NORDSTROM
Asset Protection - Agent - Gateway Rack
Permanent · AUSTIN
NORDSTROM
Retail Stock - Mountain Grove Rack
Permanent · REDLANDS
TORRID
Keyholder
Permanent · DALLAS
By
Reuters
Published
Nov 18, 2015
Reading time
2 minutes
Download
Download the article
Print
Text size

Motor racing-Tag Heuer to leave McLaren for Red Bull

By
Reuters
Published
Nov 18, 2015

Luxury watch brand Tag Heuer is to end a 30-year partnership with struggling McLaren to join Formula One rivals Red Bull in another blow for the Honda-powered team concluding their worst ever season.

A McLaren spokesman confirmed on Wednesday that one of the sport's longest and most successful sponsorships would end this year.

Rocket Red, the 30th anniversary Tag Heuer McLaren watch - Tag Heuer


Recalling the team's titles and race wins with champions Alain Prost, Ayrton Senna, Mika Hakkinen and Lewis Hamilton, he highlighted the qualities of high technology, precision and speed associated with both parties.

"It is therefore with gratitude that we announce the end of our 30-year partnership, satisfied as both parties are with a job well done," added the spokesman.

"Our relationship with Tag Heuer's parent company LVMH continues via our new partnership with Chandon, announced last month."

Tag Heuer Chief Executive Jean-Claude Biver told Swiss magazine L'Hebdo in an interview that the brand had signed a deal with Red Bull, whose deal with Japanese watch brand Casio ends this year, for next season.

"It's a young, dynamic, go-getting team that fits perfectly with the TAG Heuer strategy," he said.

McLaren and Red Bull are bitter rivals on the racetrack, with the latter having far more success in recent years thanks in large part to their signing of ace former McLaren designer Adrian Newey.

While McLaren are the second most successful team in Formula One history, they have not won a constructors' title since 1998 while Red Bull racked up four successive drivers' titles between 2010 and 2013.

McLaren are ninth of 10 teams in the current championship and have not won a race since 2012.

Despite their problems with new engine partners Honda, which has brought just 27 points from 18 races, McLaren have blocked an attempt by Red Bull to secure the Japanese manufacturer's power units for 2016.

Red Bull's taking a top sponsor from McLaren is unlikely to have improved the mood of company head Ron Dennis, who regained control of the team at the start of the year.

Tag Heuer were previously owned by Luxembourg-based TAG, whose Saudi-born chief executive Mansour Ojjeh has a 25 percent shareholding in McLaren. Dennis also holds 25 percent and Bahrain's Mumtalakat sovereign wealth fund the remainder.

McLaren have been without a title sponsor since 2013, when Vodafone departed, and have lost other backers since then.

German fashion brand Hugo Boss, who had been with McLaren for 33 years, switched to world champions Mercedes this season, while Santander's involvement has shrunk.

Diageo-owned Whisky brand Johnnie Walker has been linked with a move from McLaren to Force India, the team co-owned by liquor magnate Vijay Mallya.

McLaren have recognised that the lack of performance on the track will cost them heavily in lost championship revenues, even if Honda are contributing significant amounts.
 

© Thomson Reuters 2024 All rights reserved.