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Arsenal $250M Deal Replaces Nike With Puma

Claiming that "Arsenal have been a key strategic target for Puma for a number of years," the global sports apparel and footwear company signed what it called a "long-term partnership" with Arsenal Football, one of world's most iconic soccer clubs, to become the team's official kit partner. The alliance takes effect July 1. Puma replaces Nike, which has been Arsenal's kit supplier since 1994.

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