Nike Faces $14 Million USD Fine for Blocking Cross-Border Sales of Soccer Goods

After its stock took a hit last week amid a disappointing North American Q3 sales performance, Nike now faces a €12.5 million EUR ($14 million USD) fine for blocking cross-border sales of soccer goods. The European Commission slapped the athletic brand with the sanction on Monday (March 25) after a two-year e-commerce investigation into the 28 countries in the European Union. According to the European Commission, Nike's illegal practices encompassed licensed product for FC Barcelona, Mancheste...