Peak secures apparel agreement with Brazilian Olympic Committee

Chinese sportswear brand replaces Nike as kit supplier until 2022 Games.

Peak secures apparel agreement with Brazilian Olympic Committee

The Brazilian Olympic Committee (COB) has confirmed that Chinese sportswear brand Peak will supply kits for its Olympic athletes and officials for the next five years.
Peak replaces global sportswear giant Nike as COB’s official technical partner. The strategic agreement with Peak will include the Winter Olympics at PyeongChang and Beijing in 2018 and 2022 respectively, as well as the 2020 Tokyo Summer Olympics.
The financial terms of the long-term deal, which was officially announced at this week's BRICS Summit in Xiamen, were not released. 

Xu Jingnan, president of Peak, said: “The BRICS [Brazil, Russia, India, China and South Africa] countries have become important powers to promote the development of the world economy, push for changes in world order and maintain international peace and stability. 

“Therefore, deepening the partnerships with those countries has become a key opportunity for Peak's international expansion plan.”
The news comes after Brazilian police searched the home of Carlos Nuzman, the president of both the COB and Rio's successful bid to host the 2016 Summer Olympic Games.

The raids by French and American police are part of an ongoing investigation into alleged vote-buying during the bidding process for Rio 2016 and Tokyo 2020.
According to UK newspaper The Guardian, Nuzman, 72, is alleged to have facilitated a US$2 million payment made by Brazilian businessman Soares Filho into the account of Papa Massata Diack, the son of the disgraced former IOC member Lamine Diack, two days before Rio won the right to stage the 2016 Games.
Nuzman’s lawyer has said that the Brazilian official denies any wrongdoing.