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Yo_Mama_Been_Loggin

(108,209 posts)
Mon Mar 25, 2019, 03:45 PM Mar 2019

Nike fined $14 million for blocking cross-border sales

U.S. sportswear maker Nike was hit with a 12.5 million euro ($14.14 million) fine Monday for blocking cross-border sales of soccer merchandise of some of Europe's best-known clubs, the latest EU sanction against such restrictions.

The European Commission said Nike's illegal practices occurred between 2004 to 2017 and related to licensed merchandise for FC Barcelona, Manchester United, Juventus, Inter Milan, AS Roma and the French Football Federation.

The European Union case focused on Nike's role as a licensor for making and distributing licensed merchandise featuring a soccer club's brands and not its own trademarks.

The sanction came after a two-year investigation triggered by a sector inquiry into e-commerce in the 28-country bloc. The EU wants to boost online trade and economic growth.

https://www.msn.com/en-us/money/companies/nike-fined-dollar14-million-for-blocking-cross-border-sales/ar-BBVbTtj

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