Nike Pays For Stolen Logo

Back in May, we reported Nike had co-opted the logo of London borough Hackney for use on a line of World Cup sportswear. Hackney didn't take kindly to the giant retailer "borrowing" what little the downtrodden borough had in order to profit from and asked Nike to share in the profits of the line. Luckily, the story does have a happy ending and Nike parted with £300,000, apologized to Hackney and covered all legal costs.