Nike fined $14 million for blocking cross-border sales of soccer merchandise

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Nike fined $14 million for blocking cross-border sales of soccer merchandise
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EU antitrust regulators fined U.S. sportswear maker Nike 12.5 million euros ($14.14 million) on Monday.

U.S. sportswear maker Nike was hit with a 12.5 million euro fine on Monday for blocking cross-border sales of soccer merchandise of some of Europe's best-known clubs, the latest EU sanction against such restrictions.

The sanction came after a two-year investigation triggered by a sector inquiry into e-commerce in the 28-country bloc. The EU wants to boost online trade and economic growth.

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