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How Will Nike (NKE) Stock React to Supply-Chain Partnership with Apollo?

NEW YORK (TheStreet) -- Nike (NKE) is forming a supply-chain partnership with the New York City-based private equity firm Apollo Global Management (APO).

The Beaverton, OR-based athletic footwear, apparel and accessories retailer has struggled with logistics recently, the Wall Street Journal reports. With the partnership, a new apparel supply chain company has purchased existing Nike apparel suppliers in North and Central America and will acquire additional sites to "create a more vertically integrated apparel ecosystem."

The new supply chain company has bought apparel maker New Holland and embellishment, warehousing and logistics business ArtFx.

Financial terms of the deal weren't disclosed, but Nike said it didn't...