NIKE 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 and a major manufacturer of sports equipment, with revenue in excess of US$37.4 billion in its fiscal year 2020 As of it employed 76,700 people worldwide. the brand value in excess of $32 billion, making it the most valuable brand among sports businesses. Previously, in the Nike brand was valued at $29.6 billion. Nike ranked 89th in the Fortune 500 list of the largest United States corporations by total revenue.
The company 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.
