NIKE, Inc. (NKE) Entered Strategic Partnership with DyeCoo Textile Systems
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Price: $40.21 -2.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
Revenue Growth %: -2.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
Revenue Growth %: -2.9%
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NIKE, Inc. (NYSE: NKE) has entered into a strategic partnership with DyeCoo Textile Systems B.V., a Netherlands-based company that has developed and built the first commercially available waterless textile dyeing machines.
By using recycled carbon dioxide, DyeCoo’s technology eliminates the use of water in the textile dyeing process. The name “DyeCoo” was inspired by the process of “dyeing” with “CO2.” The partnership is illustrative of NIKE, Inc.’s long-term commitment to designing and developing the most superior athletic performance products for athletes and its overall sustainable business and innovation strategy.
By using recycled carbon dioxide, DyeCoo’s technology eliminates the use of water in the textile dyeing process. The name “DyeCoo” was inspired by the process of “dyeing” with “CO2.” The partnership is illustrative of NIKE, Inc.’s long-term commitment to designing and developing the most superior athletic performance products for athletes and its overall sustainable business and innovation strategy.
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