Parsons moving up as GMR’s CEO The Lefton Report: NFL goes car shopping Study: If you post, more likely to buy IMG will cut workforce by 3 percent MassMutual touts youth program The Lefton Report: Changing landscape Pepsi contest winners will be on field Deal puts MLB brands on cycling gear Summit proves fruitful for Competitor NFL plans Play 60 spots for Thanksgiving
SBJ/April 4-10, 2011/Marketing and Sponsorship
New endorsement deal will move Wozniacki close to $10M mark
Published April 4, 2011, Page 7
The two-year deal, which is scheduled to be unveiled today, is believed to be worth in the low seven figures annually.
The endorsement is global, though Oriflame will likely use Wozniacki largely in Europe. Wozniacki is from Denmark.
Oriflame is already an official partner of the WTA in Europe, Russia, the Commonwealth of Independent States, the Middle East and Africa.
A PowerPoint presentation prepared by her agent, Lagardère Unlimited, states, “Many opportunities exist to extend Caroline’s association with Oriflame (make-up, fragrance, jewelry, hair care, etc.), as she has become well-known for matching her nails with her stylish tennis outfits, prefers to wear jewelry on the court, and is recognized for her off-court fashion and hair styles.”
Wozniacki will appear in Oriflame advertising campaigns and catalogs. She will endorse its cosmetics, nutritional wellness products and jewelry. The deal will move Wozniacki close to $10 million annually in earnings, with other endorsements including Rolex, Adidas and Sony Ericsson. The deal also suggests Oriflame will exercise its option to extend its WTA deal when it comes up this summer.
“We are excited to work with Caroline to enhance our WTA partnership,” said Michael Cervell, senior vice president of global direct sales at Oriflame, in a press release set to be released today.