Nike Inc. is an American multinational Association that te involved in the design, development, manufacturing and smridtrida marestung and sales of apparel, footwear, accessories, equipment and service The company's world headquarters are situated near Beaverton, Oregon, in the Fortland metropolitan area (USA) It is a major producer of sports equipment and one of the world's largest suppliers of athletic shoes and apparel. It employs more than 44,000 people worldwide and in 2014 the brand alone was valued sa 319 billion (017,5 billion), making in the most valuable brand between sports businesses Founded by Bill Bowerman and Phil Knight on January 25 1904, as Blue Ribbon Sporta, the company became officially Nike, Inc. on May 30 1971. The company was named after the Greek goddess of victory, Nike (Hun) Apart from its own brand, Nike market ita producta under Nike Pro, Nike, Nike Golf, Nike Blazere, Air Jordan, Air Max and other as well se cuboidiaries including brands Jordan, Hurley Int. and Converse. Nike sponsore many high-profile athistes and sports teams around the world, with the highly recognized trademarks of "Just Do It" and the Swoosh logo (which represents the wing of the Greek goddean Niko). Acquisitione: Nike has acquired coveral apparel and footwear companies over the course of its history, some of which have since been sold. In order to refocus on ita core business lines, Nike began selling some of its subsidiarise in the 2000's. Sinos 2013, Nike owns two key subsidiaries: