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The firm acquired Starter in 2004 and soccer uniform maker Umbro in 2007. In 2003, Nike paid US$309 million to amass sneaker firm Converse. In 2002, Nike bought surf attire firm Hurley International from founder Bob Hurley. Its first acquisition was the upscale footwear firm Cole Haan in 1988, followed by the purchase of Bauer Hockey in 1994. He officially stepped down from all duties with the company on June 30, 2016.

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Nike has lately launched cricket shoes known as Air Zoom Yorker, designed to be 30% lighter than its opponents’. The most recent additions to its line are the Nike 6.0, Nike NYX, and Nike SB sneakers, designed for skateboarding. The firm initially operated in Eugene, Oregon, as a distributor for Japanese shoemaker Onitsuka Tiger, making most sales at track meets out of Knight’s car.

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