Today news
About the same in other media
10.11 - 18:43
Take your old trainers to Nike for recycling? Not in Brexit Britain…
Reading now: 441
Nike has shelved its popular recycling scheme in the UK in response to higher costs arising from Brexit.
The Reuse-a-Shoe scheme allowed UK customers to deposit their old trainers at a Nike store, where they would be shipped to one of Nike’s four distribution centres in Flanders, Belgium, to be recycled into rubber for use in track surfaces, gym flooring and new Nike footwear and apparel.
“Bring your old pair and join us on a journey towards zero carbon, zero waste, future-proof sport,” the company’s marketing materials stated.
However, Brexit and the subsequent introduction of EU export tariffs mean the scheme is no longer economically viable. Higher haulage and excise costs mean the programme is roughly one-third more expensive for Nike to
Read more on theguardian.comAbout this in other media
Rishi Sunak unveils post-Brexit financial regulation proposals theguardian.com /3 years ago
Sunak asks UK regulators to keep the City competitive after Brexit fnlondon.com /3 years ago
UK satellite firm Inmarsat agrees $7.3bn takeover by US rival Viasat theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
