Manchester United convinced General Motors Co. to pay a record $559 million to have its Chevrolet brand on the team’s red jersey. Now, the 19-time English soccer champion is ready to play hard ball with Nike Inc., its maker.
Track and field needs to build on the feats of athletes including sprinter Usain Bolt and runner Mo Farah at the London Olympics to boost its profile in between games, Nike Inc. executive Charlie Denson said.
Manchester United Plc, the English soccer club with a record 19 championships, was unchanged in New York trading after raising $233.3 million in its U.S. initial public offering, less than first sought.
Nike Inc., the world’s largest sporting-goods maker, hasn’t changed its forecast for gross margin after warm weather in North America slowed demand for winter wear products across the industry, an executive said.