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Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
If you look into the most expensive Nike shoes ever sold, you’ll find price tags as high as $2 million. Top 10 Most Expensive Nike Shoes. The average pair of Nikes cost about $110.15, but ...
After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia. [1] [2] It sub-contracted factories without reviewing the conditions, based on the lowest bid. Nike's usage of sweatshops originates to the 1970's.
Nike acquired Converse in 2003 for an estimated $305 million and continues to market Chuck Taylor All Stars. [16] Converse's manufacturing operations for Chuck Taylor All Stars, as well as the company's other shoes, was moved from the United States to other countries such as China, India, Vietnam and Indonesia. [5]
Nike, Inc. purchased Cole Haan in 1988. Nike announced on May 31, 2012, that it was divesting Cole Haan and Umbro to focus on the Nike brand and other complementary brands. [4] [5] Cole Haan was bought by private equity firm Apax Partners Worldwide LLP for $570 million on November 16, 2012. [6]
The Nike MAG is a limited-edition shoe created by Nike Inc. [1] It is a replica of a self-tying shoe featured in the film Back to the Future Part II. The Nike Mag was originally released for sale in 2011 and again in 2016. Both launches were in limited quantities. The 2011 release was limited to 1,510 pairs, while the 2016 release was limited ...