Apollo Global Management, LLC and Nike have entered into a strategic partnership for an apparel supply chain in the Americas. This innovative partnership will increase regional manufacturing capabilities, enable quicker delivery of a more customized product to consumers and drive investment in sustainability.
Apollo Global Management, together with its consolidated subsidiary Apollo, is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. As of June 30, Apollo had assets worth $186 billion in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.
To establish the strategic partnership, a new apparel supply chain company has acquired the existing apparel suppliers in North and Central America and plans to invest in advancing its manufacturing operations and expertise to produce innovative, technical and customized apparel. In addition, this new company expects to acquire additional textile and apparel suppliers in the Americas in order to broaden and diversify its capabilities and product offerings. This will create a more vertically-integrated apparel eco system from materials suppliers and apparel manufacturers, to final embellishment, warehousing and logistics.
Apollo has announced that 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 investment is made by the Apollo-managed Special Situations I fund.
