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Nike fined $14 million for blocking cross-border sales of soccer merchandise
Thursday, March 28, 2019 IST
Nike fined $14 million for blocking cross-border sales of soccer merchandise

Nike's practices included clauses in contracts prohibiting out-of-territory sales by licensees and threats to end agreements if licensees ignored the clauses. Its fine was cut by 40 percent after it cooperated with the EU enforcer.

 
 

US sportswear maker Nike was hit with a 12.5 million euro ($14.14 million) fine on March 25 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.
 
European Competition Commissioner Margrethe Vestager said Nike's actions deprived soccer fans in other countries of the opportunity to buy their clubs' merchandise such as mugs, bags, bed sheets, stationery and toys.

 
 
 
 
 

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Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


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