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On August 3, 2015, Berkshire Partners and New Balance Holding, Inc. completed the acquisition of The Rockport Company from the Adidas Group, and combined Rockport with Drydock Footwear, an affiliate of New Balance, to form a new company called The Rockport Group. Drydock brought with it the Aravon, Cobb Hill, and Dunham brands to the new firm.
In 2001, New Balance purchased canvas sneaker company PF Flyers and re-launched the brand in 2003. In February 2004, the company purchased Warren, Michigan-based Warrior Lacrosse, now Warrior Sports. [11] [12] In 2011 New Balance placed its Aravon
The popularity of 2000s era running shoes in the early 2020s helped motivate New Balance to re-release the 1906 in 2022. Similar to the relaunch of the New Balance 2002, the sole of the shoe was replaced with that of the New Balance 860v2 and given the name 1906R. A coincidence as the 1906 served as a design inspiration for the 2002. [4]
The shoes were designed by Steven Smith and created as a low top version of the company's New Balance Pride 650. The shoe was originally known as the New Balance P550 Oxford and was primarily a budget shoe. It sold for $45 when it was first released in 1989. [1] The shoe was designed to improve on the New Balance 480. Smooth leather was used ...
The popularity of the series led to New Balance deciding to release a cheaper alternative in the line for budget consumers. [citation needed] The cheaper version would eventually be called the 574 and would be designed by long time New Balance designer, Steven Smith. The design of the shoe was a combination of different models.
The current 480 shoe line is actually a merger of two different shoe models, the New Balance Pride 480 and New Balance BB680. The Pride 480 is the first ever basketball shoe created by New Balance in 1983 and was released as a high top. [1] A different model that was created as a low top version known as the BB680 was later released. [2]
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