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Stock impact report

Skechers dumps former Raiders coach Jon Gruden as brand ambassador after homophobic, misogynistic emails surface [USA TODAY]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: USA TODAY
in which he used homophobic and misogynistic language, at least one company that Gruden endorses is backing out of its agreement with him. Skechers, the shoe and apparel company, is terminating its relationship with Gruden Tuesday. "Skechers is aware of the recent press reporting on the emails of Jon Gruden, which caused him to resign his N.F.L. coaching position. Upon learning of these developments, we immediately terminated Mr. Gruden's endorsement contract and our affiliation with him," Skechers vice president of corporate communications and marketing Jennifer Clay wrote to USA TODAY Sports in an email. "Skechers believes in equality, fostering tolerance and understanding for all people. It is at the core of who we are as a global lifestyle brand and why we have a zero tolerance policy for such behavior within our business including those who we formally work with. We believe taking a stand against racist or derogatory comments and for inclusion of all is imperative." Skecher Show less Read more
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