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NKE - Nike Inc News Story

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Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £150.25bn
Enterprise Value £148.03bn
Revenue £27.41bn
Position in Universe 43rd / 6851

Nike settles lawsuit against maker of Lil Nas X 'Satan Shoes'

Thu 8th April, 2021 9:56pm
NEW YORK, April 8 (Reuters) - Nike Inc  NKE.N  said on
Thursday it has settled a lawsuit against a Brooklyn company
that made "Satan Shoes" in collaboration with the rapper Lil Nas
X, and that the company has agreed to a voluntary recall.
    The settlement with MSCHF Product Studio Inc resolves a
trademark infringement lawsuit that Nike filed last week over
the black-and-red, devil-themed sneakers, which carry the Nike
"swoosh" logo.
    

 (Reporting by Jonathan Stempel in New York
Editing by Chris Reese)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))
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