Market Chatter: Nike May Reemerge as Stephen Curry Suitor After Under Armour Split

MT Newswires Live11-22

Nike (NKE) may reemerge as a sneaker suitor for National Basketball Association star Stephen Curry following his split last week with Under Armour (UAA), Bloomberg News reported Friday.

Curry warmed up for a game wearing Nike shoes and said at a postgame press conference it signaled "new beginnings," and "I'm going to have some fun with this," the report said.

Nike signed Curry in 2009 but failed to renew the deal in 2013 after executives mishandled the pitch, mispronounced his name, and showed a slide meant for another athlete, Bloomberg said, citing people familiar with the meeting.

Other brands including Adidas and Puma may approach Curry, Bloomberg reported, citing industry insiders. He hasn't discussed a new sneaker deal yet, the report said, citing a person familiar.

Nike didn't immediately respond to a request for comment from MT Newswires.

Nike shares rose 2.5% in recent Friday trading, and Under Armour gained 3.3%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 62.94, Change: +1.51, Percent Change: +2.46

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment