BUZZ-Nike rises after partnership with Kim Kardashian's Skims
ReutersFeb 18, 2025 3:09 PM
Nike Inc's NKE.N shares up nearly 3% at $75.22 in early trade
Company says it is teaming up with Kim Kardashian-owned shapewear label Skims to launch "NikeSKIMS" brand in the U.S.
NikeSKIMS product line will contain training apparel, footwear and accessories for women
Says a global expansion will follow in 2026, with extension to new markets and retail locations, including wholesale partners
Adds that the brand will debut its collection in the U.S. at select retail stores and on the Nike website in spring
NKE stock fell 30% in 2024
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