{"id":11369,"date":"2022-03-04T08:19:55","date_gmt":"2022-03-04T08:19:55","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin"},"modified":"2022-03-04T10:09:27","modified_gmt":"2022-03-04T10:09:27","slug":"nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin","title":{"rendered":"Nike fined N5.6billon as EU reveals sportswear giant\u2019s sin"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>S. sportswear maker Nike was hit with a 12.5 million euros fine on Monday for blocking cross-border sales of football merchandise of some of Europe\u2019s best-known clubs.<\/p>\n

Reuters reports that the fine, which is about 10.7 million pounds or N5.6 billion, is the latest European Union (EU) sanction against such restrictions. The European Commission, which oversees EU\u2019s activities, said Nike\u2019s illegal practices occurred between 2004 to 2017.<\/p>\n

It said the practices were related to licensed merchandise for FC Barcelona, Manchester United, Juventus, Inter Milan, AS Roma and the French Football Federation (FFF).<\/p>\n

The European Union case focused on Nike\u2019s role as a licensor for making and distributing licensed merchandise featuring a football club\u2019s 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.<\/p>\n

European Competition Commissioner Margrethe Vestager said Nike\u2019s actions deprived football fans in other countries of the opportunity to buy their clubs\u2019 merchandise such as mugs, bags, bed sheets, stationery and toys.<\/p>\n

\u201cNike prevented many of its licensees from selling these branded products in a different country leading to less choice and higher prices for consumers,\u201d she said in a statement.<\/p>\n

Nike\u2019s 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.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. S. sportswear maker Nike was hit with a 12.5 million euros fine on Monday for blocking cross-border sales of football merchandise of some of Europe\u2019s best-known clubs. Reuters reports that the fine, which is about 10.7 million pounds or N5.6 billion, is the latest European Union (EU) sanction against such restrictions. The […]<\/p>\n","protected":false},"author":84,"featured_media":11368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,245,241,1799],"class_list":["post-11369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mauritius","tag-mauritius","tag-nike"],"yoast_head":"\nNike fined N5.6billon as EU reveals sportswear giant\u2019s sin - Mauritius<\/title>\n<meta name=\"description\" content=\"S. sportswear maker Nike was hit with a 12.5 million euros fine on Monday for blocking cross-border sales of football me ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nike fined N5.6billon as EU reveals sportswear giant\u2019s sin\" \/>\n<meta property=\"og:description\" content=\"S. sportswear maker Nike was hit with a 12.5 million euros fine on Monday for blocking cross-border sales of football me ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-04T08:19:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T10:09:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/03\/img-6221e53b3d27e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"739\" \/>\n\t<meta property=\"og:image:height\" content=\"415\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nike fined N5.6billon as EU reveals sportswear giant\u2019s sin\",\"datePublished\":\"2022-03-04T08:19:55+00:00\",\"dateModified\":\"2022-03-04T10:09:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/03\/img-6221e53b3d27e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\",\"Nike\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nike-fined-n5-6billon-as-eu-reveals-sportswear-giants-sin\",\"name\":\"Nike fined N5.6billon as EU reveals sportswear giant\u2019s sin - 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