Nike(Plc) is Public limited organisation,meaning its shares are on the stock exchange market. Nike was established in Washington County, Oregon, United States by Bill Bowerman who was a track and field coach at the University of Oregon and Phil Knight who was a student of his at the time.Phil Knight was a talented mid- distance runner from Portland ,who enrolled at Oregon in 1955 to compete for Bowerman’s track program, upon graduating with a MBA in Finance from Stanford University, he wrote papers that proposed quality running shoes, which at the time didn’t exist in the states, shoes that could be manufactured in Japan that would compete with more established German brands
Phil Knight proposed this ideas to Bowerman ,who at the time was like minded and in 1964 they shock hands to form Blue Ribbon Sports putting $500 each and placed a order of 300 shoes , (Forming a partnership on a handshake) .They wanted athletes all over the world to be able to compete at their absolute best .
Currently Phil Knight is the Chairman of the board of directors and Mark Parker is President and Chief Executive Officer of Nike Inc.
Operations of Nike
Nike is is an American multinational corporation that is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services. It is one of the world's largest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment, generating revenue in excess of (1) US$24.1 billion in its fiscal year 2012 (ending May 31, 2012) this was a 16% increase to previous years .
Nike is not composed of one singular brand but its actually a combination of profiles of various brands including Converse, Hurley International , Jordan and Nike Golf.
Nike sponsors top athletes and sporting teams examples include ( Public figures Michael Jordan, Tiger Woods , Messi, Neymar, Cristiano Ronaldo and top teams include FC Barcelona , Arsenal ) .