Nike was created in 1971 by Phil Knight, and Bill Bowerman. The company was created in Beaverton, Oregon.
The shoes that Nike and its subsidiaries create get swept off the shelves everyday. Nike is a multimillion dollar corporation.
In 1964, Bill Bowerman and Philip Knight need track shoes for the Oregon University Track & Field team. They inked a distribution deal with a Japanese shoe company Onitsuka Shoe Company (now Asics) and opened a shoe store called Blue Tiger Shoe Company. This deal and the opening of this shoe store changed the world FOREVER. Seven years later, Nike Inc. was founded. Its name originates from the Greek goddess of victory Nike.