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February 14, 2020

Nike

Beaverton, Oregon-based Nike is transitioning its Nike brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships to improve efficiency and drive growth. The move has Grupo Axo acquiring Nike's operations in Argentina, Chile and Uruguay, and Grupo SBF, through its wholly owned subsidiary, becoming owner of operations in Brazil. The deal is expected to close by mid-year.




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