“American sunglasses maker Oakley has launched legal action to try to retain its sponsorship of world number one golfer Rory McIlroy who is set to become the new face of sportswear giant Nike,” says the New York Times. “U.S. PGA champion McIlroy is poised to rubber-stamp a 10-year deal with U.S. company Nike worth as much as $250 million, according to media reports. Nike is set to supply the 23-year-old Northern Irishman's clubs and have its name or logo on his clothing in an exclusive deal. However, Oakley, owned by Italy's Luxottica, is challenging the move and started legal action in its home state of California last month.” Read more.
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