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This question is about Nike.
Who owns Nike?
Nike is owned by a combination of Phil and Travis Knight and public shareholders.
The company was founded in 1964 by Knight and Bill Bowerman and officially became Nike in 1971. The company launched its IPO in 1980. By that time Bowerman had a reduced role in the company and a reduced ownership interest.
Today, 97.5% of Nike "A" stock, which is not available to the public, is owned by Knight and his son Travis. Public shares of the company's "B" stock can be purchased by individuals or institutional investment companies.
Nine of the twelve board members guiding the direction of the company are appointed by "A" stockholders, while the remaining three members are appointed by public stockholders. As a result, the Knight family continues to control the direction of the company even though Phil Knight stepped down as Chairman in 2015.
Nike recorded over $46 billion in revenue last year. They employ over 79,000 worldwide and remain a major player in the athletic shoe and apparel market.
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