February 7, 2020
US athletic shoe and apparel company said on Thursday that it agreed to sell its businesses in Argentina, Chile and Uruguay to Mexican retailer Grupo Axo and its division in Brazil to Grupo SBF, owner of the sporting goods store Centauro.
The "strategic distribution partnerships" in South America, as Nike called them, are expected to close in mid-2020 and are intended to support "sustainable, profitable growth," the Oregon-based company said in a press release.
In the third quarter this year, ho
US athletic shoe and apparel company agrees to sell its operations in Argentina, Chile and Uruguay to Mexico's Grupo Axo and its division in Brazil to Grupo SBF