Nike boss defends firm’s business in China
The boss of Nike has made a robust defence of the firm's business in China after facing a consumer boycott there.
Chief executive John Donahoe said "Nike is a brand that is of China and for China" in response to a question about competition from Chinese brands.
Mr Donahoe was speaking during a call with Wall Street analysts about Nike's latest earnings report.
The comments come after the sportswear giant was recently hit by a backlash over statements about Xinjiang.
Source: BBC #Jun25
https://www.bbc.com/news/business-57606588
#Nike #China #Boycott #JohnDonahoe #Xinjiang
The boss of Nike has made a robust defence of the firm's business in China after facing a consumer boycott there.
Chief executive John Donahoe said "Nike is a brand that is of China and for China" in response to a question about competition from Chinese brands.
Mr Donahoe was speaking during a call with Wall Street analysts about Nike's latest earnings report.
The comments come after the sportswear giant was recently hit by a backlash over statements about Xinjiang.
Source: BBC #Jun25
https://www.bbc.com/news/business-57606588
#Nike #China #Boycott #JohnDonahoe #Xinjiang