Nike dealt blow by Olympics hurdle

22-Sep-2008

By Jonathan Birchall in New York When Liu Xiang, perhaps China's most famous athlete, pulled out of the 110m Olympic hurdles in Beijing this August, China's disappointment was a blow to Nike and its strategy of selling more shoes and sportswear to China's emerging middle class, writes Jonathan Birchall . When it reports first quarter results on Wednesday , the world's... [read full story]                    

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