Friday, 15 October 2021

Tag Archives: Nike

Nike wins halt to sales of Lil Nas X ‘Satan Shoes’

copyright – MSCHF NEW YORK – A federal judge sided with Nike Inc in ordering a Brooklyn company to temporarily stop further sales of “Satan Shoes” it produced in collaboration with the rapper Lil Nas X. U.S. District Judge Eric Komitee in Brooklyn ruled three days after Nike sued MSCHF ...

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U.S. businesses in China face uncertainty after WeChat bans

HONG KONG: As Tencent assesses how its business might be impacted by a U.S. decision to ban its messenger app WeChat in the country, American companies in China may become unintended casualties due to their heavy reliance on the app, experts said. U.S. President Donald Trump unveiled sweeping bans on ...

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Nike explores sale of surfwear brand Hurley

NEW YORK: Nike Inc, the world’s largest sportswear maker, is exploring options for its surfwear brand Hurley International, including its possible divestment, according to people familiar with the matter. Nike’s potential retrenchment from the surfwear market is emblematic of the stance of most major consumer companies towards the sector. Surf ...

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Adidas profits beat expectations as eCommerce booms

BERLIN: Adidas reported a 17 percent rise in first quarter net profit on Friday, helped by high-margin eCcommerce, even as overall sales growth slowed due to supply chain issues in the North American market, as well as a decline in Europe. Adidas shares, which have risen by a quarter this ...

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