Apollo Global Management (APO), NIKE (NKE) Enter Strategic Partnership
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Affiliates of Apollo Global Management and NIKE, Inc. Announce Strategic Partnership for Apparel Manufacturing in the Americas
August 18, 2016 4:15 PM EDTNEW YORK & BEAVERTON, Ore.--(BUSINESS WIRE)-- Funds affiliated with Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) and NIKE, Inc. (NYSE: NKE) today announced that Nike and affiliates of Apollo have entered into a strategic partnership regarding the apparel supply chain in the Americas. This innovative strategic partnership will increase regional manufacturing capabilities, enable quicker delivery of more customized product to consumers, and drive investment in sustainability.
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