22

May

Nike to raise prices

Nike is set to raise prices on some trainers and clothing from 1 June, weeks after rival Adidas warned it would have to hike the cost of products due to…

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23

Mar

Nike to become Germany supplier in 2027 after seven decades with Adidas

The German Football Association (DFB) announced that American sportswear giant Nike would become their official supplier from 2027 onwards, ending a decades-long partnership with German firm Adidas. The DFB said…

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22

Mar

For Nike, ‘it’s gotta be the shoes’ is a thing of the past

By Katherine Masters and Ananya Mariam Rajesh (Reuters) - Nike has increasingly leaned on its iconic basketball shoes to boost sales, but as the sportswear giant bleeds market share to…

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16

Feb

Nike plans to cut about 2% jobs

Feb 15 (Reuters) - Nike said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging…

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21

Feb

Nike, Adidas shoe supplier to cut 6,000 jobs as demand falls

Taiwan's Pou Chen Corp, the world's largest maker of branded sports footwear, plans to cut around 6,000 jobs at its Ho Chi Minh City plant in Vietnam due to weak…

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21

Dec

Demand for Messi, Mbappe soccer gear spikes after World Cup

LONDON (Reuters) - In the wake of Sunday's World Cup final soccer fans around the world have rushed to buy merchandise, with demand for Lionel Messi and Kylian Mbappe soccer…

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21

Aug

Nike, Adidas settle patent fights over shoe technology

Nike Inc and Adidas AG, the world's two leading sneaker brands, have resolved a series of U.S. patent disputes over technology used in their athletic shoes, court filings show. Nike…

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03

Feb

Nike/Louis Vuitton sneakers by Abloh beating auction estimates

NEW YORK  (Reuters) - Bids for 200 pairs of Nike/Louis Vuitton "Air Force 1" sneakers designed by Virgil Abloh are running well beyond Sotheby's initial estimates in an auction with…

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19

Nov

Into the metaverse: Nike creates ‘NIKELAND’ on Roblox

Nike Inc revealed a virtual world modeled after its headquarters on video game platform Roblox Corp, becoming one of the first big brands to enter the "metaverse". The digital space,…

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03

Nov

Vietnam says its Nike manufacturers back to full operations

HANOI, Nov 3 (Reuters) - About 200 contracted factories that make sportswear for Nike Inc across Vietnam have resumed operations after months of COVID-19 suspension, the government said on Wednesday,…

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15

Jul

Vietnam says Nike supplier halts output at 3 plants due to COVID-19

Changshin Vietnam, a South Korean-owned shoemaker and supplier to Nike, has suspended production at three of its factories near Ho Chi Minh City due to a coronavirus outbreak, the government…

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14

Jul

Nike loses fight against EU probe into Dutch tax deal

U.S. sportswear maker Nike on Wednesday lost its fight to stop a probe into its Dutch tax affairs, as Europe's second-highest court backed an EU investigation opened two years ago. The EU…

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29

May

Neymar hits back at Nike over sexual-assault investigation

Brazilian soccer player Neymar hit back at sportswear maker Nike Inc on Friday, saying the company's statement that it terminated an endorsement deal because he refused to cooperate with an…

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29

Mar

China warns firms not to engage in politics over Xinjiang

Chinese officials on Monday said Sweden's H&M and other foreign companies should not make rash moves or step into politics after the companies raised concerns about forced labour in Xinjiang,…

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26

Mar

Nike, Adidas join brands feeling Chinese social media heat over Xinjiang

Nike and Adidas came under attack on Chinese social media over past comments the fashion brands have made about labour conditions in Xinjiang, part of a diplomatic row between China…

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06

Dec

World Athletics to allow ‘development shoes’ if they meet technical specifications

Athletes will be allowed to wear shoes still under development in international competitions and events where World Athletics rules apply, upon approval of the shoes' specifications, after a rule change…

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23

Sep

Nike expects permanent shift to online sales

Sportswear firm Nike has seen a huge rise in online sales as it bounces back from a coronavirus slump. The US company saw digital sales rocket 82% during the June…

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28

Jun

Nike plans to cut jobs

Nike Inc warned of job cuts as the world's largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels. The planned layoffs come…

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07

Jun

Euro 2020 – The football shirts of the competition that didn’t happen… yet

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23

Oct

Nike CEO Mark Parker to step down

  Nike Inc’s long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc, the footwear…

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08

Sep

Ronaldo’s multi-million contract details with Nike leaked

Football Leaks  published another story about Juventus forward Cristiano Ronaldo, including the details of an alleged €162m deal with Nike. The details revealed by Football Leaks make Ronaldo the company's…

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23

Aug

Leading fashion companies to make G7 pledge to help environment

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week’s G7 summit in Biarritz, France, to help protect…

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13

Jul

Nike’s ‘Moon Shoes’ expected to fetch over US$160,000 in auction

A rare pair of Nike “Moon Shoes” could fetch as much as $160,000 in an auction held by Sotheby’s. The New York auction house is allowing collectors to bid on…

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28

Jun

Midday Dispatch – Corporate and Financial News

Good afternoon Our daily round up of financial and corporate news. The seasonally adjusted unemployment rate for May 2019 was 3.5 per cent, unchanged from the previous month and down…

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26

Mar

Stormy Daniels’ attorney, Michael Avenatti accused of multimillion dollar extortion plot against Nike

Michael Avenatti, the attorney who gained fame through his representation of adult film actress Stormy Daniels in her legal fight with President Donald Trump, has been arrested for allegedly hatching…

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10

Jan

EU launches investigation into whether Nike benefitted from tax arrangements in Netherlands which breaks ‘state aid’ laws

The EU has launched a probe into whether Nike benefited from sweetheart tax arrangements in the Netherlands that breached EU curbs on state support, FT reports. Margrethe Vestager, the EU’s…

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04

Oct

Nike deeply concerned with allegations against Ronaldo

Nike says it is "deeply concerned by the disturbing allegations" facing footballer Cristiano Ronaldo. The sportswear company issued a statement after a woman filed a lawsuit claiming she was raped…

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05

Sep

Politics, Brands and sports

Nike has stirred a hornet's nest with its newest "Just Do It" ad campaign. It features a close-up of the former NFL quarterback Colin Kaepernick with the words "Believe in…

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13

Jun

World Cup: Trump’s sanctions means Nike can’t supply shoes for Iranian football team

ESPN :  Iran's national team was always going to face a difficult challenge in trying to compete with more established nations at the World Cup, but suddenly there is a…

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04

Jun

Serena Williams outfit meant to inspire women recovering from pregnancy

Serena Williams outfit for Roland Garros was more than just a sport outfit. Her black bodysuit, produced by NIKE,  was meant to inspire women who were recovering from a pregnancy. Williams launched her…

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