Nike, Inc. - Wikipedia. This article is about the sportswear and apparel company. For other uses of the name "Nike", see Nike (disambiguation). Nike, Inc. (official,US: ; also, non- US)[note 1] is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area.

It is the world's largest supplier of athletic shoes and apparel[5] and a major manufacturer of sports equipment, with revenue in excess of US$2. May 3. 1, 2. 01. 2). As of 2. 01. 2, it employed more than 4. In 2. 01. 4 the brand alone was valued at $1. As of 2. 01. 7, the Nike brand is valued at $2. The company was founded on January 2.

Blue Ribbon Sports, by Bill Bowerman and Phil Knight, and officially became Nike, Inc. May 3. 0, 1. 97. 1. The company takes its name 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, and subsidiaries including Brand Jordan, Hurley International and Converse.

Nike also owned Bauer Hockey (later renamed Nike Bauer) between 1. Cole Haan and Umbro.[8] In addition to manufacturing sportswear and equipment, the company operates retail stores under the Niketown name. Nike sponsors many high- profile athletes and sports teams around the world, with the highly recognized trademarks of "Just Do It" and the Swoosh logo. Origins and history. Old logo of Nike, Inc., still used on some retro products with red boxes. Nike, originally known as Blue Ribbon Sports (BRS), was founded by University of Oregon track athlete Phil Knight and his coach Bill Bowerman in January 1.

The company initially operated as a distributor for Japanese shoe maker Onitsuka Tiger (now ASICS), making most sales at track meets out of Knight's automobile.[9]According to Otis Davis, a student athlete whom Bowerman coached at the University of Oregon, who later went on to win two gold medals at the 1. Summer Olympics, Bowerman made the first pair of Nike shoes for him, contradicting a claim that they were made for Phil Knight. Says Davis, "I told Tom Brokaw that I was the first. I don't care what all the billionaires say.

Bill Bowerman made the first pair of shoes for me. People don't believe me. In fact, I didn't like the way they felt on my feet.

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There was no support and they were too tight. But I saw Bowerman make them from the waffle iron, and they were mine."[1. In 1. 96. 4, in its first year in business, BRS sold 1,3. Japanese running shoes grossing $8,0. By 1. 96. 5 the fledgling company had acquired a full- time employee, and sales had reached $2.

In 1. 96. 6, BRS opened its first retail store, located at 3. Pico Boulevard in Santa Monica, California next to a beauty salon, so its employees no longer needed to sell inventory from the back of their cars. In 1. 96. 7, due to rapidly increasing sales, BRS expanded retail and distribution operations on the East Coast, in Wellesley, Massachusetts.[1. By 1. 97. 1, the relationship between BRS and Onitsuka Tiger was nearing an end. BRS prepared to launch its own line of footwear, which would bear the Swoosh newly designed by Carolyn Davidson.[1. The Swoosh was first used by Nike on June 1. U. S. Patent and Trademark Office on January 2.

In 1. 97. 6, the company hired John Brown and Partners, based in Seattle, as its first advertising agency. The following year, the agency created the first "brand ad" for Nike, called "There is no finish line", in which no Nike product was shown. By 1. 98. 0, Nike had attained a 5. U. S. athletic shoe market, and the company went public in December of that year.[1.

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• Nike, Inc. (official, US: / ˈ n aɪ k i /; also, non-US / ˈ n aɪ k /) is an American multinational corporation that is engaged in the design, development.

Together, Nike and Wieden+Kennedy have created many print and television advertisements, and Wieden+Kennedy remains Nike's primary ad agency. It was agency co- founder Dan Wieden who coined the now- famous slogan "Just Do It" for a 1.

Nike ad campaign, which was chosen by Advertising Age as one of the top five ad slogans of the 2. Smithsonian Institution.[1.

Walt Stack was featured in Nike's first "Just Do It" advertisement, which debuted on July 1, 1. Wieden credits the inspiration for the slogan to "Let's do it", the last words spoken by Gary Gilmore before he was executed.[1. Throughout the 1. Nike expanded its product line to encompass many sports and regions throughout the world.[1. In 1. 99. 0, Nike moved into its eight- building World Headquarters campus in Beaverton, Oregon.[1. The first Nike retail store, dubbed Niketown, opened in downtown Portland in November of that year.[2. Phil Knight announced in mid- 2.

Nike in 2. 01. 6.[2. Acquisitions. Nike has acquired several apparel and footwear companies over the course of its history, some of which have since been sold.

Its first acquisition was the upscale footwear company Cole Haan in 1. Bauer Hockey in 1. In 2. 00. 2, Nike bought surf apparel company Hurley International from founder Bob Hurley.[2. In 2. 00. 3, Nike paid US$3. Converse, makers of the Chuck Taylor All- Stars line of sneakers.[2. The company acquired Starter in 2. Umbro, known as the manufacturers of the England national football team's kit, in 2.

In order to refocus on its core business lines, Nike began divesting of some of its subsidiaries in the 2. It sold Starter in 2. Bauer Hockey in 2. The company sold Umbro in 2. Cole Haan in 2. 01. As of 2. 01. 3, Nike owns two key subsidiaries: Converse Inc.

Hurley International.[3. Finance. Nike Inc.

Nike's class B stock in 4 years after the current $5 billion buyback program is completed in second quarter of fiscal 2. Up to September 2. Nike Inc. has bought back $1. Nike was made a member of the Dow Jones Industrial Average in 2. Alcoa.[3. 4]On December 1. Nike Inc.'s quarterly profit rose due to a 1. April of that year.

Future orders of shoes or clothes for delivery between December and April, rose to $1. Nike shares (NKE) rose 0.

In November 2. 01. Nike announced it would initiate a $1. December 2. 4.[3. The split will be the seventh in company history.

Products. A pair of Nike Air Jordan I basketball shoes. Sports equipment. Nike produces a wide range of sports equipment. Their first products were track running shoes. They currently also make shoes, jerseys, shorts, cleats,[3. Nike Air Max is a line of shoes first released by Nike, Inc. Additional product lines were introduced later, such as Air Huarache, which debuted in 1.

How Health and Education Pay the Price for Self- Dealing in Equatorial Guinea. Summary. The president of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, once described the discovery of oil in the 1. Central African nation as “manna from heaven,” the Biblical life- saving bread that God sent Israelites as they wandered in the desert. Ravaged by almost six centuries of colonialism followed by an eleven- year brutal dictatorship, the country was one of the world’s poorest and most poorly governed in 1. Obiang deposed his uncle and took power. The discovery of oil in 1.

Equatorial Guinea, and it did, in many ways. Before the discovery of oil the country’s total income was US$1. A Haunted House Full Movie Part 1 more. Within the next decade per capita gross domestic product (GDP) rose significantly, comparable to that of many industrialized nations—peaking in 2. However, oil production has been in decline since 2.

Equatorial Guinea’s mismanagement of its oil wealth has contributed to chronic underfunding of its public health and education systems in violation of its human rights obligations. Suddenly the small country of about one million people occupying 2. Obiang raised expectations, repeatedly saying he would prioritize health services and education, but budgetary allocations to health and education have in fact been dismal: in 2.

International Monetary Fund (IMF). Forty- five other countries in Equatorial Guinea’s per capita GDP range spent at least four times as much on health and education during the same period. Instead the country invested heavily in large- scale infrastructure projects, which comprised 8.

IMF and World Bank have repeatedly criticized. Equatorial Guinea is one the smallest countries in Africa, with a population of around 1 million and a total landmass of just over 2. Obiang, the world’s longest- serving president, justifies the huge investment in infrastructure as part of a strategy to lay the groundwork for a modern economy. Undoubtedly this investment has improved the country’s transportation infrastructure, which includes a network of more than 2,0. But, according to the IMF, such an approach “contribut[es] to low provisions for health and education service delivery.” It also found that “costs and wastage have been high” for infrastructure projects, “because of limitations in oversight and pressure for prestige projects.”This report shows how the government of Equatorial Guinea has for two decades paved the way for this reality, squandering the promise afforded by its discovery of oil by grossly underspending on social welfare and overspending on wasteful and corruption- riddled infrastructure projects. In the process, it has not fulfilled its human rights obligations to progressively realize the right to affordable and decent health care and education for its people.

The report describes how, though upper middle- income on paper, Equatorial Guinea faces severe challenges that commonly affect low- income countries, especially in health and education. It documents how companies, fully or partially owned by the president, members of his family, or senior government officials, have been awarded large public contracts. In some cases, businesspeople allege that they were encouraged by government officials to submit inflated contracts so that the officials could collect considerable kickbacks. In addition, this research adds to a significant body of work on corruption in Equatorial Guinea, including numerous international investigations that have uncovered evidence of high- level corruption. A 2. 00. 4 United States Senate investigation into Riggs Bank, a Washington, DC- based commercial bank, for example, revealed direct transfers of millions of dollars from accounts holding the country’s oil wealth into accounts believed to be controlled by the president.

Money- laundering investigations into the president’s eldest son, who was appointed vice president in June 2. United States and €1.

US$1. 89 million at current exchange rate) in France. The French prosecutor alleged that €1. Equatorial Guinea’s public treasury to Teodorin’s personal accounts, part of which funded his French spending spree.

There is an ongoing trial in Spain based on evidence that senior government officials purchased mansions in the country with funds transferred from the Riggs Bank oil account. In Italy, the financial police, when investigating one of the largest construction companies operating in the country, found millions of dollars linked to a network of international bank accounts owned by the president and his son. Watch All About The Money HD 1080P there. All of this contributes to the government’s woeful underinvestment in health and education, at great human cost. Neglecting the Right to Health.

With the discovery of oil, Equatorial Guinea had a great opportunity to improve healthcare by investing in the provision of potable water, adequate sanitation, infection control, and other key determinants of health, as well as in the strengthening of its public healthcare system. For two decades it has largely failed to seize this chance due to underinvestment in the social sector, when compared to other countries in its income bracket, and misspending on capital projects, such as the sophisticated new La Paz hospitals in Malabo and Bata that appear to be almost exclusively for the benefit of elites—rather than on primary healthcare that benefits most citizens. While a lack of data makes it hard to fully assess Equatorial Guinea’s performance on key health indicators, available data suggest that despite having far superior resources compared to other countries in the region, there has been little progress. For example: Equatorial Guinea ranks 1.

United Nations Development Programme’s (UNDP) Human Development Index, a measure of social and economic development. Its score is similar to those of Ghana and Zambia, despite boasting a per capita income that is more than five times as high. More than half of Equatorial Guinea’s population lacks access to safe drinking water in the vicinity, a rate that has not changed since 1. Vaccination rates for children have fallen dramatically since the late 1. For example, the reported rate for tuberculosis vaccination for newborns and infants was 9. Additionally, a 2. The World Bank estimates that 6.

Maternal mortality is one health indicator on which Equatorial Guinea has apparently made progress at a greater rate than most other countries in the region, with such deaths down from 1,0.