The Brazilian Football Confederation has signed a 30-year sponsorship deal with the pharmaceutical e-commerce provider. The deal makes Ultrafarma CBF's 14th sponsor.

The IEG predicts the region will grow 4.8% from 2014. Worldwide spending on sponsorships will grow to US$ 57.5 billion.

The executive recommended that Chief Executive Mark Parker succeeds him as chairman when he steps down next year.

After an excellent first year and with the financial boost from Liberty Global and Discovery Communications, Alejandro Agag says the float is definitely an option.

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