29.09.2022, 13:20
Nike must pay $14.14 million for blocking cross-border sales of soccer team products in europe nike was punished for blocking cross-border sales of football equipment items in the bloc the firm must pay 14.14 million dollars for malpractice the penalty was reduced by 40 percent as nike cooperated with the eu this monday nike fights different fronts in regards to the legal field, the sportswear firm in the united states received good news after the supreme court dismissed continuing a copyright dispute over the iconic photograph of michael jordan.
However a negative impact came from europe that resulted in a drop in the value of its shares and that will also cost 14.14 million euros. The reason is that the european union sanctioned the brand for blocking cross-border sales of products from some of the most important clubs in the old continent; according to reuters , it would be the last fine of Professional Person Email List the bloc against this type of restriction. How to negotiate a salary increase according to the information agency's report, the european commission indicated that the illegal practices carried out by nike were carried out between 2004 and 2017, a time in which it restricted the sale of various authorized articles from fc barcelona , manchester united, juventus , inter milan , as roma as well as the french football federation.
Reason for which the sanction was imposed after two years of investigations, which began with a sector investigation on electronic commerce in the region. Attack the consumer. European competition commissioner margrethe vestager said the sportswear firm's actions deprived soccer fans in other nations of the ability to purchase products from their favorite clubs such as mugs, bags, stationery or toys. "Nike prevented many of its licensees from selling these branded products in a different country, resulting in fewer choices and higher prices for consumers," the agency said in a statement.
However a negative impact came from europe that resulted in a drop in the value of its shares and that will also cost 14.14 million euros. The reason is that the european union sanctioned the brand for blocking cross-border sales of products from some of the most important clubs in the old continent; according to reuters , it would be the last fine of Professional Person Email List the bloc against this type of restriction. How to negotiate a salary increase according to the information agency's report, the european commission indicated that the illegal practices carried out by nike were carried out between 2004 and 2017, a time in which it restricted the sale of various authorized articles from fc barcelona , manchester united, juventus , inter milan , as roma as well as the french football federation.
Reason for which the sanction was imposed after two years of investigations, which began with a sector investigation on electronic commerce in the region. Attack the consumer. European competition commissioner margrethe vestager said the sportswear firm's actions deprived soccer fans in other nations of the ability to purchase products from their favorite clubs such as mugs, bags, stationery or toys. "Nike prevented many of its licensees from selling these branded products in a different country, resulting in fewer choices and higher prices for consumers," the agency said in a statement.