16 de agosto de 2018
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New Balance to launch investigation against Walmart for selling Panama jersey

Panama City, May 9 (efe-epa).- New Balance, the US-based athletic footwear and apparel company, announced Wednesday that it would launch an investigation against Walmart for the alleged unauthorized sale, at a price below what was "recommended," of Panama national soccer team jerseys.

Panama City, May 9 (efe-epa).- New Balance, the US-based athletic footwear and apparel company, announced Wednesday that it would launch an investigation against Walmart for the alleged unauthorized sale, at a price below what was "recommended," of Panama national soccer team jerseys.

"We recently discovered that a third party was selling purported Panama jerseys through Walmart Marketplace at a price significantly below our recommended price," New Balance said in a statement released Wednesday in Panama City.

The company said that the third party "was not authorized by New Balance" to sell the jerseys and that the issue "was being handled with the utmost seriousness," adding that "an investigation process" was being launched.

New Balance also said that it "has always recommended fans to buy our jerseys with authorized sellers to guarantee the authenticity of our products."

Panama's official jersey for Russia 2018 - the first time Panama has qualified for the World Cup - sells for around $90, while a Walmart Marketplace seller has been offering it for close to 50 percent less.

The Walmart Marketplace jerseys quickly went viral, as fans have criticized the high cost of the official ones, while Panamanian customs agents have been attempting to stop the flow of pirated jerseys.

"At New Balance we take our relationship with the FEPAFUT (Panama Soccer Federation) very seriously, as well as our relationship with Panama fans," the company said.

New Balance was founded more than 100 years ago and is based in Boston, Massachusetts.

In 2017, it employed more than 6,000 people worldwide, registering $4 billion in global sales.

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