Nike’s 30-year gamble on Vietnam is rattled


Retail backbone: A Nike store in New York City. Over the past 30 years, Nike has funnelled billions of dollars of production into Vietnam. — AFP

NEW YORK: At Nike Inc headquarters in Beaverton, Oregon, executives are trying to figure out how to best spread the pain of new tariffs.

Nike, the factories that produce its goods, the wholesalers that sell the goods and ultimately shoppers will all likely share portions of the cost, according to a person familiar with the matter who asked not to be named discussing private conversations.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read