Nike, Inc an American multinational company that designs, develops, manufactures, and markets and sells shoes, apparel, equipment, accessories, and services worldwide. Headquartered near Beaverton, Oregon, in the greater Portland area, the company is the world's largest retailer of athletic shoes and apparel and a major manufacturer of sports equipment, with sales of over $ 37.4 billion in fiscal 2020 ending May 31, 2020. In 2020, it employed worldwide 76,700 employees. In 2020, the brand alone was valued at over $ 32 billion, making it the most valuable brand among sports companies. Previously, in 2017, the Nike brand was valued at $ 29.6 billion. Nike was ranked 89th largest US company by total revenue in the 2018 Fortune 500 list
The company was founded on January 25, 1964 as "Blue Ribbon Sports" by Bill Bowerman and Phil Knight and officially became Nike, Inc. on May 30, 1971. The company's name comes from Nike, the Greek goddess of victory. Nike markets its products under its own brand as well as Nike Golf, Nike Pro, Nike +, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, Nike CR7 and subsidiaries including Jordan Brand and Converse. Nike also owned Bauer Hockey from 1995 to 2008, and previously owned Cole Haan, Umbro, and Hurley International. In addition to manufacturing athletic apparel and equipment, the company operates retail stores under the name Niketown. Nike sponsors many high profile athletes and sports teams around the world with the highly recognized "Just Do It" brands and the Swoosh logo.
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