The Ledger
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Nike Improperly Used Nissho Inventory Financing to Secretly Purchase a Factory
“They use Nisho's money Which was supposed to be to buy inventory, instead to plow it into capex of buying and rehabbing a factory, and then they were secretly operating their own factory with money that was not supposed to be used for that purpose.”
Nissho Iwai Financed Nike's Predecessor for a 4% Shoe Royalty
“Phil signs a deal, finally, with Nisho EY, and the core part of the deal is Nisho will, A, finance all of Blue Ribbon's financing needs, henceforth, pretty much at a scale that goes all the way up to the moon. I mean, they're a hundred billion dollar revenue c…”