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About This Club

A club to discuss the phenomenon called the Nike Corporation and Brand.

  1. What's new in this club
  2. But Just Do It doesn’t *always* apply to shakedowns. Lawyer-to-the-stars Avenatti was arrested yesterday in NYC on charges of attempting to extortup to $25 million from Nike (+0.17%). Yes, that Nike. Avenatti reportedly threatened to reveal that the company greenlighted payments to the families of top basketball recruits—unless Nike paid an unnamed client $1.5 million and agreed to hire Avenatti and another lawyer for $15 to $25 million (but a one-time payment of $22.5 million would also work). The timeline: Avenatti tweeted pre-cuffs that he’d hold a presser at 11am today profiling Nike’s "criminal conduct" that "involves some of the biggest names in college basketball." Via @MichaelAvenatti Avenatti allegedly told Nike lawyers last week that if his demands weren’t met, he’d "take $10 billion off your client’s market cap...I’m not [word that autocorrects to ducking] around." The trouble wasn’t confined to just one coast. In an unrelated case, federal prosecutors in Los Angeles charged Avenatti with wire fraud and bank fraud.
  3. Nike shares (-1.05%) were watched closely a day after Duke basketball phenom Zion Williamson injured himself when his foot ripped through one of its sneakers.
  4. The NFL and Colin Kaepernick have reached a settlement. The former 49ers QB is reportedly getting a payout in the “$60 million to $80 million range.”
  5. Last year they came out with a controversial Nike Hijab. I'm starting to think Nike is Islamic, black and anti-christian.... or at the very least is just looking for controversy to amplify it's marketing budget to stay relevant in a world of many choices.
  6. How Good Are Nike’s New VaporMax Sneakers? via ScitechPress.org
  7. Nike, a company whose brand is estimated to be worth $27 billion, understands the difference apparel can make to an athlete. And like any viable business, it knows the world is full of potential customers. And so in its latest market expansion, the brand has turned to the Middle East, where female athletes have begun to come into their own over the last few years. Nike’s new pull-on hijab is made of light, stretchy fabric that includes tiny holes for breathability and an elongated back so it will not come untucked. CreditAaron Hewitt/Nike This week, Nike announced that it would release a Pro Hijab for female Muslim athletes in spring 2018. The hijab, which is expected to cost $35, is made of a lightweight, stretchy mesh polyester and will come in gray, black and obsidian. Throughout several stages of development, the product was tested by a group that included Zahra Lari, the first figure skater from the United Arab Emirates to compete internationally; Manal Rostom, a runner and triathlete currently living in Dubai; and Amna Al Haddad, an Olympic weight lifter from the United Arab Emirates. The move followed Nike’s release of an Arabic version of its Nike & Training Club app early last year and the beginning of a campaign featuring five female athletes from the Arab region with the tagline “What will they say about you?” last month. Continue reading
  8. via TheWorldNewsOrgvia journal.theworldnewsmedia.org
  9. MLive.com 'Sneakerhead' Tom Izzo fired up about new Detroit Nike store MLive.com Michigan State University's head basketball coach Tom Izzo helps celebrate the Nike store grand opening inside the 22,000-square-foot space at 1261 Woodward Ave. in downtown Detroit, May 26, 2016. (Tanya Moutzalias | MLive Detroit). Print Email. Nike Puts Anchor In Revitalizing Downtown Detroit By Opening 'Community Store' on WoodwardForbes Skubick: Finishing touches put on slimmed-down Michigan budgetWLNS Athletic apparel maker Nike opening downtown Detroit storeValdosta Daily Times all 32 news articles » Google
  10. cleveland.com Nike gets wavy with latest version of the LeBron 13 cleveland.com Cleveland Cavaliers forward LeBron James points to a fan after he dunked for a score in the second quarter against the Toronto Raptors center Bismack Biyombo in the second quarter against the Toronto Raptors during game two of the Eastern Conference ... and more » Google

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