| Nike,
Inc. (Pronounced: NIGH-KEY) (NYSE: NKE) is a major American
manufacturer of athletic shoes, Clothing/apparel, and sports
equipment. The company takes its name from the Greek goddess
of victory, Nike. Nike markets its products under its own brand
as well as Air Jordan, Nike Golf and Team Starter (among others),
as well as under brands of wholly owned subsidiaries including
Bauer, Cole Haan, Converse, and Hurley International. Nike has
been criticised for the working conditions and production methods
in the overseas factories with which it contracts
Nike's influences stretch from its (sometimes criticized) production
systems to fashions in themselves while along the way developing
technologies (gimmick and functional alike). Their advertisement
campaigns often incorporate new sporting ideology, which often
involve sponsored athletes like Tiger Woods, Ronaldo and Michael
Jordan.
Nike is also well known for its strong sponsorship agreements
with athletes, leagues and federations, as well as many of the
world's top football (soccer) clubs and national teams, including
Manchester United, Arsenal, Juventus, FC Barcelona, Celtic,
FC Porto, Paris Saint-Germain, Brazil, Portugal, the Netherlands,
Croatia, Mexico national football team and the United States
men's,women's and Australian Football teams to produce their
equipment. On December 23, 2005, Nike signed a 5-year contract
(beginning January 1, 2006) with the India Cricket Team to become
their official apparel supplier for $135.6 million. This is
more money per-annum than Nike pays the Brazil football team
($16m), Manchester United ($16.8m) or Juventus ($22.2m). Nevertheless
Nike does not have an India-specific website or any mention
of cricket on Nike.com.
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