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70-522: Bauer developed and manufactured primarily ice hockey skates until 1990, when it acquired the hockey assets of Cooper Canada Ltd. In 2014, Bauer expanded into baseball and softball by purchasing Easton Diamond from Riddell (BRG Sports). Bauer operates as a unit of Peak Achievement Athletics Inc. in New Hampshire . The origins of the Bauer brand of hockey equipment trace to 14 September 1906, when

140-486: A $ 12 billion share buyback, as well as a two-for-one stock split, with shares to begin trading at the decreased price on December 24. The split will be the seventh in company history. In June 2018, Nike announced it would initiate a $ 15 billion share buyback over four years, to begin in 2019 upon completion of the previous buyback program. For the fiscal year 2018, Nike reported earnings of US$ 1.933 billion, with annual revenue of US$ 36.397 billion, an increase of 6.0% over

210-593: A Bermudan subsidiary, Nike International Ltd. This transfer allowed the subsidiary to charge royalties to its European headquarters in Hilversum , Netherlands , effectively converting taxable company profits to an account payable in tax-free Bermuda . Although the subsidiary was effectively run by executives at Nike's main offices in Beaverton, Oregon—to the point where a duplicate of the Bermudan company's seal

280-624: A New York based company focused on digital sales and machine learning technology. Nike was made a member of the Dow Jones Industrial Average in 2013, when it replaced Alcoa . On December 19, 2013, Nike's quarterly profit rose due to a 13 percent increase in global orders for merchandise since April of that year. Future orders of shoes or clothes for delivery between December and April, rose to $ 10.4 billion. Nike shares (NKE) rose 0.6 percent to $ 78.75 in extended trading. In November 2015, Nike announced it would initiate

350-440: A combination of groundbreaking innovations including a full-length air cushioned sole, an external heel counter, a crashpad in the heel for shock absorption, and Fit Frame technology for a stable fit. In 2023, Nike told ESPN that it would cease using kangaroo skins in its products by the end of that year and debut "a new Nike-only, proprietary synthetic upper, [with] a new material that is a better performance solution and replaces

420-426: A distributor for Japanese shoe maker Onitsuka Tiger , making most sales at track meets out of Knight's automobile. According to Otis Davis , a University of Oregon student-athlete coached by Bowerman and Olympic gold medalist at the 1960 Summer Olympics , his coach made the first pair of Nike shoes for him, contradicting a claim that they were made for Phil Knight. According to Davis, "I told Tom Brokaw that I

490-569: A gray water treatment center. Nike is mainly owned by institutional investors, who hold around 68% of all shares. The 10 largest shareholders of Nike in early 2024 were: Nike has contracted with more than 700 shops around the world and has offices located in 45 countries outside the United States. Most of the factories are located in Asia, including Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, Philippines, and Malaysia. Nike

560-454: A leader in the fine leathergoods industry. Cooper employees and customers worked closely together to develop innovations like goaltenders' throat protection and professional grade lacrosse equipment. In the 1970s, when few professional athletes were paid to endorse equipment, Dave Dryden, brother of Ken Dryden , assisted the company in their Custom Pro Shop, sharing his latest thoughts on how to improve goaltenders' protective gear. Following

630-551: A manufacturer of molds, blades, and buckles – which controlled the remaining 3 per cent of Gamebridge. Finally, on 6 March 1981, Warrington acquired Tuuk Sports Limited of Montreal, a manufacturer of skate blades. Effective 14 June 1980, Greb Industries Limited merged into Warrington, making Greb an operating division, and in early 1981 Warrington moved its offices from Kitchener to Montreal. In May 1982, Icaro Olivieri replaced David Simpson as president of Warrington. In November 1986, Warrington announced that on 1 December of that year,

700-467: A nephew by marriage of General Leather Goods owner R.H. Cameron , worked with Cameron, who had founded the company in 1905. Jack Cooper, who also worked with GLG, joined Weeks in purchasing the company in 1949. (Cooper had joined the company of 15 employees in 1932 as their first salesman) The company was re-styled as Cooper Weeks . In 1954 Jack Cooper bought out his partner, Cecil Weeks, but the company continued to be named 'Cooper-Weeks' until 1971, when it

770-520: A new subsidiary called Canstar Sports Group Inc. would take over the company's athletic shoe and skate manufacturing operations. In March 1987, Canstar sold the Greb shoe operations in Kitchener to Taurus Shoes of Montreal. At the time, Warrington had an accumulated debt of $ 74 million and owed shareholders 23.4 million. In early July 1988, Icaro Olivieri, past president of Warrington, arranged to purchase

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840-489: A regional early release were known as Quickstrikes , and became highly desirable items for teenage members of the sneakerhead subculture . By the 1990s and 2000s , American and European teenagers associated with the preppy or popular clique began combining these sneakers, leggings , sweatpants, crop tops , and tracksuits with regular casual chic street clothes such as jeans, skirts, leg warmers , slouch socks , and bomber jackets . Particularly popular were

910-478: A status symbol in modern urban fashion and hip-hop fashion due to its association with success in sport. Beginning in the 1980s, various items of Nike clothing became staples of mainstream American youth fashion , especially tracksuits, shell suits , baseball caps , Air Jordans , Air Force 1's, and Air Max running shoes with thick, air cushioned rubber soles and contrasting blue, yellow, green, white, or red trim. Limited edition sneakers and prototypes with

980-490: Is "seen as the market leader" of hurling equipment in Ireland. Nike, Inc. Nike, Inc. (stylized as NIKE ) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon , United States. 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. The company

1050-742: Is "squishier, bouncier, and lighter" than foams in typical running shoes. In the middle of the ZoomX foam there is a full-length carbon fiber plate "designed to generate extra spring in every step". At the time of this writing Nike had just released its newest product from the Vaporfly line, the Nike ZoomX Vaporfly NEXT%, which was marketed as "the fastest shoe we’ve ever made" using Nike's "two most innovative technologies, Nike ZoomX foam and VaporWeave material". The Nike brand, with its distinctive " Swoosh " logo, quickly became regarded as

1120-539: Is 3000 yuan per month. The factory employs 70,000 people. This practice was in place for nearly 20 years. On November 5, 2017, the Paradise Papers , a set of confidential electronic documents relating to offshore investment , revealed that Nike is among the corporations that used offshore companies to avoid taxes. Appleby documents detail how Nike boosted its after-tax profits by, among other maneuvers, transferring ownership of its Swoosh trademark to

1190-1035: Is hesitant to disclose information about the contract companies it works with. However, due to harsh criticism from some organizations like CorpWatch, Nike has disclosed information about its contract factories in its Corporate Governance Report. In the 1990s, Nike received criticism for its use of sweatshops . Beginning in 1990, many protests occurred in big cities such as Los Angeles, Washington, DC and Boston in order to show public outcry for Nike's use of child labor and sweatshops. Nike has been criticized for contracting with factories (known as Nike sweatshops ) in countries such as China, Vietnam, Indonesia and Mexico. Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike have violated minimum wage and overtime laws in Vietnam as late as 1996, although Nike claims that this practice has been stopped. As of July 2011, Nike stated that two-thirds of its factories producing Converse products still do not meet

1260-617: Is not being used. In 2001, a BBC documentary uncovered occurrences of child labor and poor working conditions in a Cambodian factory used by Nike. The documentary focused on six girls, who all worked seven days a week, often 16 hours a day. In April 2014, one of the biggest strikes in mainland China took place at the Yue Yuen Industrial Holdings Dongguan shoe factory, producing amongst others for Nike. Yue Yuen did underpay an employee by 250 yuan (40.82 US Dollars) per month. The average salary at Yue Yuen

1330-504: Is specifically barred from forcibly annexing the land that Nike and Columbia Sportswear occupy in Washington County for 35 years, while Electro Scientific Industries and Tektronix receive the same protection for 30 years. Nike is planning to build a 3.2 million square foot expansion to its World Headquarters in Beaverton. The design will target LEED Platinum certification and will be highlighted by natural daylight, and

1400-520: Is the piece of equipment that connects the steel blade to the actual boot of the skate. This allowed skates to be made lighter, as well as more durable. In 1995, Canstar, the parent company of Bauer, became a wholly owned subsidiary of Nike . On 1 June 1995, Canstar Sports was renamed Nike Bauer Hockey Limited. In 2006, beginning with the release of the Nike Bauer Supreme One90, the company's products were rebranded as Nike Bauer. This

1470-604: The Montreal Canadiens in the 1950s and early 1960s, worked with Cooper to decrease the weight and improve the durability and safety of hockey equipment. In 1969, the company introduced the plastic hockey stick replacement blade widely used in road hockey . In 1955 the company became the Canadian Licencee to produce and market Buxton leathergoods in the Canadian market. Buxton was a US-based company and

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1540-788: The Nike+ product that monitors a runner's performance via a radio device in the shoe that links to the iPod nano . While the product generates useful statistics, it has been criticized by researchers who were able to identify users' RFID devices from 60 feet (18 m) away using small, concealable intelligence motes in a wireless sensor network . In 2004, Nike launched the SPARQ Training Program /Division. Some of Nike's newest shoes contain Flywire and Lunarlite Foam to reduce weight. The Air Zoom Vomero running shoe, introduced in 2006 and currently in its 11th generation, featured

1610-615: The 1960s & 70's, the company paid superstar Bobby Hull to endorse their skates. As well superstars Bobby Clarke and Bernie Parent of the Flyers, Guy Lafleur of the Canadiens and Walter Tkaczuk and Brad Park of the Rangers were signed to endorsement contracts by Pro Department Manager Bill Vanderburg. These moves, and the introduction soon after of the TUUK chassis, ushered in a new era for

1680-531: The 2000s. It sold Starter in 2007 and Bauer Hockey in 2008. The company sold Umbro in 2012 and Cole Haan in 2013. As of 2020, Nike owns only one subsidiary: Converse Inc. Nike acquired Zodiac, a consumer data analytics company, in March 2018. In August 2019, the company acquired Celect, a Boston-based predictive analytics company. In December 2021, Nike purchased RTFKT Studios, a virtual shoe company that makes NFTs. In February 2021, Nike acquired Datalogue,

1750-480: The Cooper XL7 helmet have been named by critics among the worst hockey products of all time, though its widely unknown that Cooperalls became a surprisingly popular design in junior hockey and the Canadian sports of ringette and broomball . Cooperalls have not only had newer designs based on Cooper Canada's initial concept, but started an official trend in the sport of ringette; today, long sport pants for wear on

1820-676: The Dunk Genesis Cryptokicks collection, which features over 20,000 NFTs. One design by Takashi Murakami was sold for $ 134,000 in April 2022. Nike's world headquarters are surrounded by the city of Beaverton but are within unincorporated Washington County . The city attempted to forcibly annex Nike's headquarters, which led to a lawsuit by Nike, and lobbying by the company that ultimately ended in Oregon Senate Bill 887 of 2005. Under that bill's terms, Beaverton

1890-573: The East Coast, in Wellesley, Massachusetts . In 1971, Bowerman used his wife's waffle iron to experiment on rubber to create a new sole for track shoes that would grip but be lightweight and increase the runner's speed. Oregon's Hayward Field was transitioning to an artificial surface, and Bowerman wanted a sole which could grip to grass or bark dust without the use of spikes. Bowerman was talking to his wife about this puzzle over breakfast, when

1960-571: The July 5, 1972 acquisition of hockey stick and baseball bat maker Hespeler-St. Mary's Wood Specialties Ltd. from the Seagram family , the company expanded into the bat market, with Major League Baseball finally approving their bats on March 27, 1986. The bats gained popularity with such players as Tony Fernández , Buck Martínez , Tim Raines , Paul Molitor , Kelly Gruber , Jesse Barfield , Cecil Fielder , Joe Carter , and Hubie Brooks , and were

2030-974: The Nike 6.0, Nike NYX, and Nike SB shoes, designed for skateboarding. Nike has recently introduced cricket shoes called Air Zoom Yorker, designed to be 30% lighter than their competitors'. In 2008, Nike introduced the Air Jordan XX3, a high-performance basketball shoe designed with the environment in mind. Nike's range of products include shoes, jerseys, shorts, cleats , baselayers , etc. for sports activities such as soccer, basketball, track and field, combat sports , tennis, American football , athletics, golf, ice hockey , and cross training for men, women, and children. Nike also sells shoes for activities such as skateboarding , baseball, cycling, volleyball, wrestling , cheerleading , lacrosse , cricket , aquatic activities, auto racing, and other athletic and recreational uses. Nike partnered with Apple Inc. to produce

2100-571: The Nike brand was valued at $ 29.6 billion. Nike ranked 89th in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The company ranked 239th in the Forbes Global 2000 companies in 2024. Nike, originally known as Blue Ribbon Sports (BRS), was founded by University of Oregon track athlete Phil Knight and his coach, Bill Bowerman , on January 25, 1964. The company initially operated in Eugene , Oregon as

2170-567: The Nike logo. Runner Jeff Johnson was brought in to help market the new brand and was credited for coining the name “Nike”. It would bear the Swoosh newly designed by Carolyn Davidson . The Swoosh was first used by Nike on June 18, 1971, and was registered with the U.S. Patent and Trademark Office on January 22, 1974. In 1976, the company hired John Brown and Partners, based in Seattle, as its first advertising agency . The following year,

Bauer Hockey - Misplaced Pages Continue

2240-644: The Western Shoe Company Limited was formed in Kitchener, Ontario. At an unknown date, Roy Charles Bauer (1895–1989) became president of the company. On 5 May 1934, Bauer formed a new company, the Canada Skate Manufacturing Company Limited, to produce ice skates. By the summer of 1934, skate manufacturing was online at the Western Shoe factory at 236 Victoria Street North. According to Roy Bauer,

2310-487: The agency created the first "brand ad" for Nike, called "There is no finish line", in which no Nike product was shown. By 1980, Nike had attained a 50% market share in the U.S. athletic shoe market, and the company went public in December of that year. Wieden+Kennedy , Nike's primary ad agency, has worked with Nike to create many print and television advertisements, and Wieden+Kennedy remains Nike's primary ad agency. It

2380-528: The baseball bat manufacturing division in spring 1999 to form KR3. Jack Cooper was elected to the U.S. National Sporting Goods Association 's Sporting Goods Industry Hall of Fame in 1979 and the Canadian Business Hall of Fame in 1989. In Ireland , the Cooper brand is used for GAA equipment since Cooper ice hockey helmets made their way into hurling during the 1960s. By now, Cooper

2450-482: The blade was permanently secured to the boot. The boot and blade were made by Bauer. In years following, Bauer Skate's top line was originally marketed under the trade name "Bauer Supreme" . The company was further popularized by the prominence of Bobby Bauer , a family member through marriage, as a Bauer married a Bauer, and Hockey Hall of Fame member who starred for the Boston Bruins in the 30s and 40s. In

2520-568: The company filed a prospectus for an initial public offering with the intention to raise $ 75 million. The offering was underwritten by a consortium of brokers led by Dominion Securities and Wood Gundy . After raising the money, Bauer Performance Sports would acquire the Kohlberg Sports Group Inc. outright. On 10 March 2011, Bauer Performance Sports completed its offering on the Toronto Stock Exchange under

2590-476: The company on June 30, 2016. In a company public announcement on March 15, 2018, Nike CEO Mark Parker said Trevor Edwards, a top Nike executive who was seen as a potential successor to the chief executive, was relinquishing his position as Nike's brand president and would retire in August. In October 2019, John Donahoe was announced as the next CEO, and succeeded Parker on January 13, 2020. In November 2019,

2660-465: 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. As of 2024, it employed 83,700 people worldwide. In 2020, the brand alone was valued in excess of $ 32 billion, making it the most valuable brand among sports businesses. Previously, in 2017,

2730-693: The company stopped selling directly through Amazon , focusing more on direct relationships with customers. Nike has acquired and sold several apparel and footwear companies over the course of its history. Its first acquisition was the upscale footwear company Cole Haan in 1988, followed by the purchase of Bauer Hockey in 1994. In 2002, Nike bought surf apparel company Hurley International from founder Bob Hurley. In 2003, Nike paid US$ 309 million to acquire sneaker company Converse . The company acquired Starter in 2004 and soccer uniform maker Umbro in 2007. In order to refocus its business lines, Nike began divesting itself of some of its subsidiaries in

2800-680: The company's standards for worker treatment. A July 2011 Associated Press article stated that employees at the company's plants in Indonesia reported constant abuse from supervisors. During the 1990s, Nike faced criticism for the use of child labor in Cambodia and Pakistan in factories it contracted to manufacture soccer balls. Although Nike took action to curb or at least reduce the practice, they continue to contract their production to companies that operate in areas where inadequate regulation and monitoring make it hard to ensure that child labor

2870-550: The company. In 1965, Roy Bauer sold his four companies – Western Shoe, Canada Skate, Bauer Shoe, and Bauer Canadian Skate – to Greb Industries Limited, a shoe manufacturer based in Kitchener. Greb Industries had been founded on 27 October 1930 as the Greb Shoe Company Limited. Then in the early 1970s, Jim Roberts, also of the Canadiens, began wearing the TUUK blade. High-profile teammates Guy Lafleur , Steve Shutt and Jacques Lemaire soon followed. By 1995,

Bauer Hockey - Misplaced Pages Continue

2940-477: The company. In October 2016, the Performance Sports Group filed for bankruptcy. In January 2017, PSG reached an agreement with Sagard Capital Partners and Fairfax Financial Holdings Ltd to sell Bauer's assets for $ 575 million. The sale gave Sagard 74 per cent of Bauer, while Fairfax held 26 per cent. On 11 October 2016, a new Canadian federal corporation called Peak Achievement Athletics Inc.

3010-445: The faceguard. (This same faceguard is now prized among collectors for its use in the construction of replicas of Crow T. Robot , the puppet robot from the 1990s television series Mystery Science Theater 3000 . ) Canstar Sports Inc., the parent company of hockey product manufacturer Bauer Hockey , acquired the hockey division of Cooper in 1990, and was itself acquired by Nike five years later. Former Cooper lead staff purchased

3080-457: The first Canadian-made bats used in major league play. The factory maxed out production capacity to gain 30% market share in baseball bat sales by 1988, remaining number two behind Louisville Slugger . A move of the production facilities in 1996 coincided with the decline of professional use of Cooper bats. Some Cooper products met with limited consumer acceptance. A hockey pant and girdle called Cooperalls , Cooper hinged DG32 shin pads, and

3150-492: The ice, a.k.a. "ringette pants" are now the accepted official part of an equipment kit in the sports ringette and broomball . They were designed by Steve Copeland and Len Clement of Cooper Design Group. Though used in the National Hockey League , the Cooper XL7 helmet met with particular criticism as being unsafe because of a plastic clip that could break upon face checking or puck impacts, detaching

3220-564: The inspiration for a combined shoe-skate operation came from his wife. He said, "she went shopping for skates and boots for our son Gerald and came home complaining about the inconvenience she had suffered by having to trot all over town." Bauer products were distributed in Canada by the Bauer Shoe Company, and in the United States by Bauer Canadian Skate Inc. Bauer was the first hockey company to begin producing hockey skates in which

3290-887: The last words spoken by Gary Gilmore before he was executed. Nike manufactured its first uniforms for a professional sports team in 1979 when its jersey for the Portland Timbers of the North American Soccer League debuted. Throughout the 1980s, Nike expanded its product line to encompass many sports and regions throughout the world. In 1990, Nike moved into its eight-building World Headquarters campus in Beaverton, Oregon. The first Nike retail store, dubbed Niketown, opened in downtown Portland in November of that year. Phil Knight announced in mid-2015 that he would step down as chairman of Nike in 2016. He officially stepped down from all duties with

3360-474: The latter attempted a takeover of BRS by extending an ultimatum proposal that would give the Japanese company 51 percent of BRS. In 1972, the relationship between BRS and Onitsuka Tiger came to an end. BRS prepared to launch its own line of footwear. The previous year, it was already able to place from two Japanese shoe manufacturers the company's first independent order for 20,000, which included 6,000 that had

3430-643: The previous fiscal cycle. Nike's shares traded at over $ 72 per share, and its market capitalization was valued at over US$ 114.5 billion in October 2018. In February 2020, the company said that roughly 75% of Nike stores in Greater China had closed due to the COVID-19 outbreak. In March 2020, Nike reported a 5% drop in Chinese sales associated with stores' closure. It was the first decrease in six years. At

3500-507: The same time, the company's online sales grew by 36% during Q1 of 2020. Also, the sales of personal training apps grew by 80% in China. Nike produces a wide range of sports equipment and apparel. Their first products were track running shoes. Nike Air Max is a line of shoes first released by Nike, Inc. in 1987. Additional product lines were introduced later, such as Air Huarache, which debuted in 1992. The most recent additions to their line are

3570-666: The shoes featured in Back to the Future Part II , it had a preliminary limited release, only available by auction with all proceeds going to the Michael J. Fox Foundation . This was done again in 2016. Nike have introduced a premium line, focused more on streetwear than sports wear called NikeLab. In March 2017, Nike announced its launch of a plus-size clothing line, which will feature new sizes 1X through 3X on more than 200 products. Another significant development at this time

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3640-462: The sole plus a moisture wicking upper weave. Later, Nike Elite socks became available in bright colors inspired by throwback basketball uniforms , often with contrasting bold abstract designs, images of celebrities, and freehand digital print to capitalise upon the emerging nostalgia for 1990s fashion . In 2015, a new self-lacing shoe was introduced. Called the Nike Mag , which are replicas of

3710-410: The struggling company for $ 8.9 million. The 30 per cent share held by Cemp would be acquired jointly by a numbered company owned by Olivieri and by DCC Equities Limited, a subsidiary of Dynamic Capital Corporation. On 2 September 1988, Warrington was renamed Canstar Sports Inc. Olivieri hired Gerald B. Wasserman to turn around the company. In 1994, Bauer began producing the perforated TUUK chassis, which

3780-657: The symbol BAU. On September 25, 2008, Bauer announced the purchase of rival Mission -Itech. Mission and Itech gear was rebranded as Bauer beginning in 2009. In June 2014, Bauer Performance Sports Limited changed its name to the Performance Sports Group Limited. Sagard Capital Partners LP, a subsidiary of the Power Corporation of Canada , began acquired Performance Sports Group shares in June 2014 and by late 2016 owned around 17 per cent of

3850-422: The unisex spandex Nike Tempo compression shorts worn for cycling and running, which had a mesh lining, waterproofing, and, later in the 2000s, a zip pocket for a Walkman or MP3 player . From the late 2000s into the 2010s, Nike Elite basketball socks began to be worn as everyday clothes by hip-hop fans and young children. Originally plain white or black, these socks had special shock absorbing cushioning in

3920-569: The use of kangaroo leather." The Nike Vaporfly first came out in 2017 and their popularity, along with its performance, prompted a new series of running shoes. The Vaporfly series has a new technological composition that has revolutionized long-distance running since studies have shown that these shoes can improve marathon race time up to 4.2%. The composition of the sole contains a foamy material, Pebax, that Nike has altered and now calls it ZoomX (which can be found in other Nike products as well). Pebax foam can also be found in airplane insulation and

3990-601: The various Canstar skate brands (Micron, Bauer, etc.) had a 70% NHL market share while their TUUK and ICM holders combined for a 95% share. (Note: Bauer no longer offers the ICM holder on player skates, although it is still offered with goalie skates, in addition to the TUUK cowling.) In May 1974, Greb announced that it was begin acquired by Warrington Products Limited of Toronto. Warrington, a consumer products company, had been founded on 29 August 1969 as W.C.G. Sports Industries Ltd., and in 1971 changed its name to Warrington. The company

4060-456: The waffle iron idea came into play. Bowerman's design led to the introduction of the "Moon Shoe" in 1972, so named because the waffle tread was said to resemble the footprints left by astronauts on the Moon. Further refinement resulted in the "Waffle Trainer" in 1974, which helped fuel the explosive growth of Blue Ribbon Sports/Nike. Tension between BRS and Onitsuka Tiger increased in 1971 as

4130-566: Was Miles Nadal , a Canadian investor and car collector, who had just paid $ 850,000 for a group of 99 rare of limited collection pairs of sport shoes. The purchase price was the highest for one pair of sneakers, the previous record being $ 190,373 in 2017 for a pair of signed Converse shoes in California, said to have been worn by Michael Jordan during the 1984 basketball final of the Olympics that year. After acquiring RTFKT, Nike launched

4200-577: Was 30 per cent owned by Cemp Investments , a holding company set up for the children of Samuel Bronfman after his death. Other Warrington-owned companies included Industrial Plastics Extrusions Company Limited, the Danby Corporation, and the Dominion Luggage Company Limited. The acquisition was completed in the fall of 1974. Beginning in December 1978, Warrington went on an acquisitions spree. The first purchase

4270-459: Was a sporting goods and fine leather goods manufacturer based in Toronto, Ontario , Canada. In its heyday, the 1960s through to the 1980s, the company was Canada's leading producer of fine leathergoods, hockey, baseball and lacrosse equipment. The company pioneered team-coloured hockey equipment and the use of nylon , foam , and modern plastics in equipment manufacturing. Cecil John Weeks,

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4340-478: Was a 50 per cent stake of Gamebridge Inc. which manufactured ice skates and roller skates. This was followed in November 1980 by the purchase of Caber Italia S.p.A., which manufactured ski boots. In late 1980, Gamebridge acquired Trappeur Ltée, another ski boot company. Warrington acquired an additional 47 per cent of Gamebridge in January 1981, then in the spring of that year acquired Icaro Olivieri & Cie S.p.A. –

4410-494: Was agency co-founder Dan Wieden who coined the now-famous slogan " Just Do It " for a 1988 Nike ad campaign, which was chosen by Advertising Age as one of the top five ad slogans of the 20th century and enshrined in the Smithsonian Institution . Walt Stack was featured in Nike's first "Just Do It" advertisement, which debuted on July 1, 1988. Wieden credits the inspiration for the slogan to "Let's do it",

4480-673: Was changed to Cooper Canada to coincide with the company going 'public' with 40% of its shares being traded on the Toronto Stock Exchange. Cooper Canada was sold to Charon Industries in 1987. Prior to Cooper and Weeks's purchase, the company made leather coin purses, key cases and business portfolios along with ski and snowshoe harness sets. With the Great Depression impacting sales, they switched focus to economy-priced protective ice hockey shin guards (in 1933) and gloves (in 1935). Frank Selke , manager of

4550-687: Was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight , and officially became Nike, Inc. on May 30, 1971. 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+ , Nike Blazers , Air Force 1 , Nike Dunk , Air Max , Foamposite, Nike Skateboarding , Nike CR7, and subsidiaries including Air Jordan and Converse . Nike also owned Bauer Hockey from 1995 to 2008, and previously owned Cole Haan , Umbro , and Hurley International . In addition to manufacturing sportswear and equipment,

4620-529: Was incorporated to hold Bauer's operations. Then, one 7 February 2017, the old Bauer Hockey Corp. was wound down and the company's operations were incorporated newly in Delaware as Bauer Hockey LLC. At the end of 2023, Fairfax's share of Peak Achievement had increased to 43 per cent. In September 2024, Fairfax reached an agreement with Sagard to buy out the latter's stake and become the sole owner of Peak Achievement. Cooper Canada Ltd. Cooper Canada Ltd.

4690-516: Was needed—for tax purposes the subsidiary was treated as Bermuda. Its profits were not declared in Europe and came to light only because of a mostly unrelated case in US Tax Court, where papers filed by Nike briefly mention royalties in 2010, 2011 and 2012 totaling $ 3.86 billion. Under an arrangement with Dutch authorities, the tax break was to expire in 2014, so another reorganization transferred

4760-509: Was the Chuck Taylor All-Star Modern , an update of the classic basketball sneaker that incorporated the circular knit upper and cushioned foam sole of Nike's Air Jordans. On July 23, 2019, a pair of Nike Inc. running shoes sold for $ 437,500 at a Sotheby's auction. The so-called "Moon Shoes" were designed by Nike co-founder and track coach Bill Bowerman for runners participating in the 1972 Olympics trials. The buyer

4830-607: Was the first time Nike had ever used a partner brand name on a product. Nike sold the company to investors Roustan, Inc. and Kohlberg & Co. for $ 200 million on February 21, 2008, and the company was once again known as Bauer. On 18 April 2008, Nike Bauer Hockey Limited was renamed the Bauer Hockey Corp. In late 2010, the owners of the Bauer Hockey Corp. formed a parent company called Bauer Performance Sports, incorporated in British Columbia. In January 2011,

4900-684: 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. There was no support and they were too tight. But I saw Bowerman made them from the waffle iron , and they were mine". In its first year in business, BRS sold 1,300 pairs of Japanese running shoes grossing $ 8,000. By 1965, sales had reached $ 20,000. In 1966, BRS opened its first retail store at 3107 Pico Boulevard in Santa Monica, California . In 1967, due to increasing sales, BRS expanded retail and distribution operations on

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