Nike, inc , is an American athletic apparel and footwear company, stands as one of the most globally recognised brands. Established in 1964 by Phil Knight and Bill Bowerman, his former track-and-field coach at the University of Oregon, it initially operated under the name Blue Ribbon Sports. The transition to Nike ,inc. occurred in 1971, and the company went public in 1980.As of the early 21st century, Nike had a widespread presence with retail outlets and distributors spanning over 170 countries. Its iconic logo, the “swoosh,” a curved check mark, attained worldwide recognition. The company is headquartered in Beaverton, Oregon.
As of the year 2020, Nike, Inc. had a global workforce of 76,700 individuals. In the same year, the brand’s standalone value exceeded $32 billion, establishing it as the most valuable brand in the sports industry. Notably, in 2017, the valuation of the Nike brand was $29.6 billion. Nike secured the 89th position in the 2018 Fortune 500 list, which ranks the largest corporations in the United States based on total revenue.
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