The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman and Phil Knight, and officially became Nike on May 30, 1971. Nike is an American multinational corporation that is engaged in the design, development, manufacturing and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.
Fans of the brand have been debating how to pronounce the name Nike for decades. Is it Nike or Ni-key? Now, Nike co-founder Phil Knight reveals the brand's pronunciation.
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