MAM
Women’s Handball League secures multi-year sponsorship deal with Nivia Sports
Mumbai: The Women’s Handball League (WHL), promoted by Pavna Sports Venture, announced its partnership with homegrown sports equipment manufacturing giant Nivia Sports as its strategic partner to develop the game in India as well as the official ball, equipment, and kit sponsor in a multi-year deal ahead of the league, which is scheduled to take place in January 2025.
As Southeast Asia’s first-ever groundbreaking women’s handball league, it will feature prominent players from India, along with those from the Middle East, Southeast Asia, Europe, and Africa. The league, which will be played under the auspices of the South Asian Handball Federation and supported by the Asian Handball Federation, is set to feature six franchise teams in its inaugural edition.
While this partnership aims to transform the handball landscape in India by creating significant opportunities for athletes and fostering the growth of the sport from grassroots to elite and league levels, specifically for women’s handball, it will also work closely to develop India as a handball hub in the run-up to the 2032 Olympics.
Pavna Sports Venture, the league promoters, have already committed a substantial investment over the next three years to focus on talent identification, infrastructure development, and the creation of top-notch coaching facilities for the game at the grassroots level. With the help of this partnership, they also aim to identify India’s most talented handball players and extensively enhance the visibility of the game across India.
“This strategic alliance with Nivia Sports will be a major milestone in our quest to position handball as a leading Olympic Sport in India. By partnering with a brand synonymous with excellence, we are set to establish world-class standards that will elevate the Women’s League and the sport as a whole. This collaboration will also enhance the quality of play at every level, from grassroots initiatives to elite competitions, and inspire countless young athletes to embrace handball. Together, we envision a future where handball flourishes as a premier sport, cultivating the next generation of champions,” said Pavna Industries executive director & Pavna Sports Venture chairperson Priya Jain
Nivia Sports, a renowned leader in the sports equipment sector with over 30 years of experience, is committed to producing world-class handballs that are both affordable and durable, while simultaneously elevating the performance of athletes.
This partnership will also help Nivia create new markets across the country as well as the Southeast Asian region. WHL will be a great platform for this homegrown brand to showcase top-class handballs and provide an opportunity for research and development to innovate and market world-class handball products globally, as it has been doing for other sports including football, basketball, and volleyball.
“The Indian Women’s handball team is currently ranked 5th in Asia, and our ambition is to see them reach new heights, with the potential to qualify for the 2032 Olympics. We believe that using top-notch balls, gear, and equipment will significantly boost the sport’s popularity. The Women’s Premier League will be instrumental in this journey. This partnership is more than just a sponsorship; it is a strategic alliance in our mission to elevate handball in India and across Southeast Asia,” added Nivia managing director Rajesh Kharabanda the official ball partner of India’s top football league and holder of 70 per cent market share in football.
They are also FIFA-certified football manufacturers in India.
As part of multiple initiatives taken up by the Women’s Handball League to promote and develop handball and scouring young and talented Indian players for the upcoming league, WHL has also initiated the “Future Handball Champions Program.” With the help of Nivia, they aim to conduct multiple talent hunt programs across the country to tap and nurture young talents and also aim to make the sport more accessible, with special emphasis on advancing women’s handball in the country.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
