
Nike, the world's leading sportswear manufacturer, has been fined 4.87 million yuan (about 770,000 U.S. dollars) for deceptive advertizing in China. According to the Beijing Administration for Industry and Commerce (BACI), Nike set the price for one of its high-end basketball shoes, which it advertized with double air cushion inside, at 1,299 yuan (about 206 dollars) in China, more than 500 yuan higher than the same model in other markets. It was later discovered that the company misled Chinese customers with an advertizement as the footwear only contained one air cushion. "Nike applied double standards between Chinese consumers and foreign consumers. Such behavior cannot be tolerated," Liu Jian, the spokesman for the BACI was quoted as saying by the Beijing News. Nike China had earlier apologized and offered refund for the consumers who bought the shoes with one air cushion, according to the Beijing News.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor