Nike is one of the world’s most successful and recognizable companies, with iconic products and a strong presence in the sports industry. But did you know that Nike also owns a number of other companies? In this article, we’ll take a look at the companies that are under the Nike umbrella, and why Nike has chosen to invest in them. From innovative technology companies to apparel and footwear brands, you’ll be surprised to see just how far Nike’s reach extends.
Nike owns several popular brands, including Converse, Hurley, and Jordan Brand. In addition to these major brands, Nike also owns smaller brands like Cole Haan, Umbro, and Starter. Nike also owns several technology companies, such as Invertex and Virgin Mega, as well as several retail stores, such as Niketown.
What Companies Does Nike Own?
Nike is one of the world’s largest sportswear and footwear companies. It is well known for its athletic apparel and has a wide range of products from shoes, apparel and accessories to sports equipment. Nike also owns several other companies, which are all related to sports, fitness and lifestyle.
Jordan Brand
Nike owns the Jordan Brand, which is a line of athletic and lifestyle footwear, apparel and accessories created by NBA legend Michael Jordan. It is one of the most popular brands in the world and is a major contributor to Nike’s revenue.
Converse
Nike also owns Converse, which is another iconic American brand. Converse is most popularly known for its Chuck Taylor All Star shoes, which have been a staple in the fashion industry since 1917. Converse also has a wide range of other shoes, apparel and accessories.
Hurley International
Nike owns Hurley International, which is a surf and skate lifestyle brand. It is most popularly known for its boardshorts, rashguards and T-shirts. Hurley also has a wide range of apparel, footwear and accessories.
Cole Haan
Nike also owns Cole Haan, which is a luxury footwear and accessories brand. It is most popularly known for its dress shoes and handbags, but also has a wide range of other products such as outerwear, sunglasses and jewelry.
Umbro
Nike also owns Umbro, which is a British sportswear and football equipment brand. It is most popularly known for its football boots, but also has a wide range of other products such as apparel, accessories and equipment.
Frequently Asked Questions
1. What companies does Nike own?
Nike, Inc. is an American multinational corporation that designs, manufactures, and sells athletic apparel, footwear, accessories, and equipment. Its portfolio of brands includes Nike, Converse, Hurley, and Jordan. Nike owns a majority stake in all of these brands, as well as a variety of other subsidiaries and investments in technology, apparel, and footwear companies. In addition to its core brands, Nike also owns subsidiaries such as Cole Haan, Umbro, and Hurley International, which produce clothing and accessories. Nike also owns a stake in the startup company Stance, which produces athletic socks.
2. Who are Nike’s major competitors?
Nike’s major competitors are Adidas, Under Armour, Reebok, and Puma. Adidas is a German-based company that produces apparel, shoes, and accessories, and it has a strong presence in the athletic apparel market. Under Armour is an American company specializing in performance apparel and footwear, and it has gained a strong foothold in the athletic apparel market. Reebok is a subsidiary of Adidas and it produces footwear, apparel, and accessories for athletes. Lastly, Puma is a German-based company that specializes in performance apparel, footwear, and accessories.
3. What are Nike’s financial results?
Nike’s financial results have been strong over the past few years. In its most recent fiscal year, the company reported revenue of $39.12 billion, an increase of 8.6% from the previous year. Its gross profit margin was 45.2%, and its operating margin was 16.2%. Nike also reported net income of $3.8 billion, an increase of 13.9% from the previous year. The company’s return on equity was 25.4%, and its return on invested capital was 15.2%.
4. What type of products does Nike produce?
Nike produces a variety of products, including athletic apparel, footwear, accessories, and equipment. Its apparel includes shorts, t-shirts, sweatshirts, jackets, and pants. Its footwear includes running shoes, basketball shoes, soccer shoes, and cleats. Its accessories include hats, bags, and socks. Its equipment includes basketballs, footballs, and golf clubs.
5. What is Nike’s sustainability strategy?
Nike’s sustainability strategy is focused on reducing the environmental impact of its products and operations. The company has set goals to reduce its carbon emissions, water use, and waste by 2030. It also has a goal to use 100% renewable energy by 2025. Nike is also investing in sustainable manufacturing practices, such as using recycled materials and reducing the use of hazardous chemicals in its production processes.
6. How does Nike protect its intellectual property?
Nike takes steps to protect its intellectual property, including trademarking its logos and designs, protecting its patents, and enforcing its copyrights. The company also works to protect its designs and products by taking legal action against counterfeiters and online sellers of its products. Nike also employs a team of lawyers to protect its intellectual property and take legal action against infringers.
Nike is a global leader in the sports apparel market, and its portfolio of owned companies demonstrates its commitment to delivering best-in-class products to its customers. From apparel and shoes to technology and retail locations, Nike has a wide range of investments that continue to help it stay at the forefront of sports product innovation. With its expansive portfolio of owned companies, Nike is well-positioned to continue to be a leader in the industry for years to come.
