Nike has formed a strategy supply chain partnership with affiliates of Apollo Global Management that will increase regional manufacturing capabilities in the Americas.
We are excited to be working with Apollo to rethink a new supply chain model to revolutionise apparel manufacturing in the Americas, said Nike chief operating officer Eric Sprunk.
A new supply chain company has acquired existing apparel suppliers in North and Central America and plans to invest in advancing their manufacturing operations and expertise to produce innovative, technical and customised apparel.
The new supply chain company has acquired two businesses to form the cornerstone of this strategy: the apparel manufacturer, New Holland; and the embellishment, warehousing and logistics operator, ArtFX.
The company expects to acquire additional textile and apparel suppliers in the Americas to broaden and diversify its capabilities and product offerings. This will create a more vertically integrated apparel ecosystem â from materials suppliers and apparel manufacturers to final embellishment, warehousing and logistics.
Sprunk said: The new company, under Apolloâs leadership, is committed to embedding sustainability and transparency into the business, investing in new technology, vertically integrating critical elements of the supply chain and delivering the best Nike performance product to our retail and sports partners.
Josh Harris, co-founder and senior managing director of Apollo, said: We see a tremendous opportunity to meet the rising demand for responsive apparel manufacturing to serve increasing consumer expectations for products delivered when and where they want them.