Reportedly, Nike is seeking to go ahead with its manufacturing plant facility worth an investment of at least $184 million in Goodyear, Arizona even after the state refused any incentives for the sports brand when it landed into controversy for the release of its sneaker ahead of fourth of July holiday. The sneaker featured a version of the American Flag representing colonial-era reflected slavery, as per critics. Nike’s defended its decision to recall the release of the sneaker due to the fact where it “could unintentionally offend and detract from the nation’s patriotic holiday.” as stated. Financial incentives withdrawn by the state have not been reinstated.
NIKE, Inc. (NIKE) is the world’s top designer, marketer, and distributor of athletic footwear, equipment, apparel, and accessories. The Beaverton, Oregon based company offers products for a wide variety of sports and fitness activities. To learn more about NIKE, Inc. (NIKE) and to continue to track its progress please visit the Vista Partners NIKE Coverage Page.
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