European Commission imposed fine of $14.14 million on Nike

According to the 2-year long investigation, Nike blocked cross border sales of soccer merchandise between 2004 to 2017.

On Monday, the European Commission imposed a fine of $14.14 million (12.5 million euros) on U.S. sportswear maker Nike for restricting cross-border sales of merchandising products of five European football clubs as well as to a football federation.

According to the EU’s antitrust regulators, Nike’s illegal practices occurred between 2004 to 2017 and relates to licensed merchandise for Manchester United, FC Barcelona, AS Roma, Juventus, French Football Federation, and Inter Milan.

The fine comes after a two-year long investigation that was triggered by a sector inquiry into e-commerce and bans by some retailers on cross-border sales of some products.

($1 = 0.8839 euros)


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