Nike snaps up NFT fashion start up RTFKT in metaverse push December 14, 2021 Nike has become the latest major fashion brand to step into the NFT space with the purchase of digital apparel start up, RTFKT.
Nike shares fall as footwear giant could lose production of 160m pairs of shoes September 14, 2021 Nike is at risk of losing the production of 160m pairs of shoes after the shutdown of factory operations in Vietnam due to Covid. Nike shares were down 2.5 per cent on Tuesday morning after the sportswear giant was downgraded from neutral to buy at BTIG. Manufacturing in the country was paused in July after [...]
Nike gives burnt out staff in its head office a week off August 31, 2021 Nike has announced that staff working in its Oregon headquarters will be given a week off to destress after the “traumatic” events of the Covid-19 pandemic. In a message posted to LinkedIn last week, Matt Marrazzo, the firm’s head of insights, said Nike would be “powering down” for a week starting Monday. He said: “Our [...]
Week in Sportbiz: Taxman cometh for football (again); BT Sport; Simone Biles; social media boycott; and NHS x NFL draft April 29, 2021 HMRC has cashed in by increasing scrutiny of the football industry, so perhaps it should be no surprise that the taxman has begun a new crackdown on players and clubs. Investigations into footballers almost tripled in 2019-20, while those concerning clubs more than doubled. The result was an increase from £35m to £73m in tax [...]
Week in Sportbiz: England Netball weighing up approaches from private investors; plus Manchester City’s humble new partner club and ‘super spikes’ February 18, 2021 Netball’s prodigious growth has not gone unnoticed by the private investors who have embarked on a trolley dash of sporting properties. England Netball successfully launched its Covid-adapted 2021 Superleague season last weekend – another feather in the cap of an organisation that has doubled participation in a decade. The governing has renewed its broadcast deal [...]
Nike to score sales increase on digital fitness demand in lockdown December 18, 2020 Sportswear giant, Nike are expected to report a 2.2 per cent increase in second-quarter sales profiting from the change in consumer habits during the pandemic.
Boohoo and Nike grilled over supply chain links to slave labour in China November 5, 2020 MPs this morning grilled fashion firms, including Boohoo and Nike, over potential supply chain links to slave labour and exploitation in China. The retailers’ sourcing and sustainability bosses were today called in to give evidence to the Business Select Committee, as part of an investigation into the extent to which the products of forced labour [...]
Nike may have already won the Tokyo Olympics… and that’s OK February 11, 2020 Eliud Kipchoge captured the imagination and admiration of millions when he broke the mythical two-hour barrier for the marathon in Vienna last October. For 26 miles and 385 yards, the Kenyan ran faster than most can sprint, crossing the line in 1 hour 59 minutes 40.2 seconds. Broadcast live on mainstream TV, it was a [...]