Nike's Bid To Trademark 'Footware' Thwarted By EU Court - Nike (NYSE:NKE)

Nike's Bid To Trademark 'Footware' Thwarted By EU Court - Nike (NYSE:NKE)

Nike Inc (NYSE:NKE) encountered a significant legal hurdle in its ongoing efforts to trademark the term “footware” for tech-related products, following a ruling by the General Court of the European Union. This decision came after a challenge from German competitor Puma SE (OTC:PMMAF). The EU court, the bloc’s second-highest judicial authority, not only rejected Nike’s trademark application but also mandated that the U.S. sportswear giant cover t…