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Corporation
CONSUMER PRODUCTS & SERVICES | Clothing & Accessories
nike.com

Investments

14

Portfolio Exits

9

Partners & Customers

10

About Nike

Nike (NASDAQ:NKE) designs, markets, and distributes athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. The company is a large supplier of athletic shoes and apparel as well as a sponsor of many high-profile athletes and sports teams around the world. Nike was founded in 1964 and is based in Beaverton, Orgeon.

Headquarters Location

One Bowerman Drive

Beaverton, Oregon, 97005,

United States

503-671-6453

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Expert Collections containing Nike

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Nike in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Nike News

5x this is how a brand image unconsciously influences your performance

May 7, 2023

May 6, 2023 From getting happier to running faster; brands promise you everything. They often have convincing arguments for this. Such as superior materials, craftsmanship or optimal designs. But what if products are functionally identical? Is a brand then still able to change the behavior of their customers and objectively increase their performance? In other words: is there such a thing as the brand-placebo effect? From a rational point of view, such a placebo effect is, of course, nonsense. Two identical products – whether or not they have a logo on them – should lead to similar performance. Yet it turns out that certain brands can influence our behavior, and therefore our performance, in surprising ways, through their label mago. In this blog, let’s take a look at five surprising ways brands influence our performance. 1. Red Bull gives you wings When we think of strong brands, we soon think of Red Bull. Market research from 2020 shows that Red Bull is the market leader in the energy drink industry, with a market share of 43%. Red Bull’s consistent marketing communication plays an important role in this. The brand’s social media channels are full of extreme sports, record-breaking achievements and sporting events that don’t even have much to do with their actual product. Red Bull knows how to strongly link associations with speed, power and carefreeness to the brand in the consumer’s mind. But what effect do these associations actually have? Several studies show that Red Bull influences our performance. For example, Red Bull can improve our cognitive performance, and improve our performance in race cars, but also worsen it. Red Bull boosts mental performance In an investigation participants were divided into four groups. One group drank Sprite, one drank Red Bull lime (which has a similar taste to Sprite). So far nothing crazy. But what participants did not know is that two variants had also been added that were not entirely correct. This is because Sprite was also put in a Red Bull can and the other way around, Red Bull Lime in a Sprite can. In this way, 4 variants were created. After drinking one of the four variants, participants were asked to perform the well-known Stroop test; a cognitively demanding task. What turned out? Participants who thought they were drinking Red Bull performed better, regardless of whether they actually drank Red Bull or not (Schmidt, Chandon, Pessiglione & Plassman, 2017). Red Bull increases (or decreases) race performance We also looked at what effect Red Bull has on our racing performance. In this investigation participants were asked to run a racing game on a computer, with four different cars. One of them was stickered with Red Bull, the other cars with other brands. The researchers showed that Red Bull could have a two-way effect. Individuals who raced in a car with a Red Bull sticker did either significantly faster or slower than in cars from other brands. The reason for this? Red Bull’s brand image either pushed racers to the top of their ability, which led to very fast races, or pushed racers over the top of their ability, making more mistakes and therefore slower races (Brasel & Gips, 2011). 2. Nike makes you “Just Do It” Many golfers have been guilty of it; paying a hefty premium for a club of a certain brand, while there were also excellent clubs in a lower price range. Still, this turns out to be a smart move from research van Garvey, Germann and Bolton (2015). They conducted a number of experiments in which they handed 200 students a putter and asked them to putt from different spots on a green. Half were told it was a Nike putter (which, according to a poll, they strongly associated with performance), the other half were told it was a Starter putter (which, according to the poll, they did not strongly associate with performance). Although the putter itself was exactly the same, subjects took an average of 20% fewer strokes to putt the ball when they thought the putter was from Nike. Simply thinking that the putter was from Nike made them perform a lot better. 3. Apple makes you – really – “Think Different” Apple has worked hard to cultivate a strong brand image based on associations of nonconformity, innovation and creativity. Their consistent marketing strategy repeatedly emphasizes these aspects of the brand, for example in their “Think Different” campaign. To test whether – and how – Apple influences consumers, participants in this investigation exposed to logos of either the Apple brand or the IBM brand, which, unlike Apple, is not or less associated with creativity, and more with traditional, smart and responsible. They were then asked to complete an assignment commonly used to measure creativity; the “unusual uses task” in which respondents are asked to think of as many possible uses for a simple object, such as a brick. While subjects primed with the Apple logo recorded an average of 7.68 uses, subjects primed with IBM recorded an average of 6.10 uses. The possibilities for use were also assessed by a jury for creativity. The group primed with the Apple logo noted not only more uses, but also more creative uses (Fitzsimons, Chartrand & Fitzsimons, 2008). So Apple objectively makes you more creative. Reason enough to hang a large poster of Steve Jobs in your office. Not true? Bron: Anton_Ivanov / Shutterstock.com 4. Ray-Ban makes you a better reader In dit experiment participants were asked to wear sunglasses in a bright light and to read words on paper as accurately and quickly as possible. They received a small compensation for each word they read. One group received Ray-Ban sunglasses, the other group received the exact same sunglasses, but with a Mango logo on them. You probably guessed it; the group wearing Ray-Ban sunglasses made fewer mistakes and read faster than the group wearing Mango sunglasses (Amar, Carmon, Ariely, Bar-Hillel & Ofir, 2011). So it’s time to buy that expensive Ray-Ban, if you have a lot of books on your reading list for the holidays. 5. Advil will make you better faster It is clear that brands influence your performance. But can branding also make you heal faster? Out an experiment by Branthwaite and Cooper turns out it is. They divided 835 women who had regular headaches into four groups, each of which received a different medication. Group 1 received an unbranded placebo pill, group two a branded placebo pill, group three an unbranded painkiller and group four a branded painkiller. It turned out that the branded painkiller was more effective in reducing headaches than the unbranded painkiller, and the branded placebo was more effective than the unbranded placebo. Tip for when you buy painkillers for someone: pay just a few quarters more for an A-brand painkiller than a private label painkiller. Those you give the painkillers to will actually heal faster! Brand image influences performance & choice Brand image significantly influences consumer behavior. Not only in the form of performance, but also in the form of product choice. As a brand, it is therefore essential to have insight into your brand image. And to use a consistent marketing strategy, in which you continue to focus on the most important brand associations that lead to sales. References Amar, M., Ariely, D., Bar-Hillel, M., Carmon, Z. & Ofir, C. (2011). Brand names act like marketing placebos. Branthwaite, A. & Cooper, P. (1981). Analgesic effects of branding in treatment of headaches. British Medical Journal, 282(6276), 1576-1578. Brasel, S.A. & Gips, J. (2011). Red Bull “Gives You Wings” for better or worse: A double-edged impact of brand exposure on consumer performance. Journal of Consumer Psychologie, 21 (2011), 57-64. Fitzsimons, G.M., Chartrand, T.L., & Fitzsimons, G.J. (2008). Automatic Effects of Brand Exposure on Motivated Behavior: How Apple Makes You “Think Different”. Journal of Consumer Research, 35, 21-35 Garvey, A., Germann, F., & Bolton, L. (2015). Performance Brand Placebos: How Brands Improve Performance and Consumers Take the Credit, in NA – Advances in Consumer Research, 43, 163-169 Schmidt, L., Chandon, P., Pessiglionie, M., & Plassman, H. (2017). Red Bull Gives You Incentive Motivation: Understanding Placebo Effects of Energy Drinks on Human Cognitive Performance.

Nike Investments

14 Investments

Nike has made 14 investments. Their latest investment was in Pensole as part of their Grant on July 7, 2022.

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Nike Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/21/2022

Grant

Pensole

$3M

Yes

1

2/3/2022

Unattributed

Women's National Basketball Association

$75M

Yes

2

12/2/2021

Grant

All Star Code

$0.5M

Yes

1

10/14/2021

Unattributed

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10

3/10/2021

Grant

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$99M

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10

Date

7/21/2022

2/3/2022

12/2/2021

10/14/2021

3/10/2021

Round

Grant

Unattributed

Grant

Unattributed

Grant

Company

Pensole

Women's National Basketball Association

All Star Code

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Amount

$3M

$75M

$0.5M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

Nike Portfolio Exits

9 Portfolio Exits

Nike has 9 portfolio exits. Their latest portfolio exit was Nike - Argentina & Uruguay on June 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/10/2022

Divestiture

Nike - Argentina & Uruguay

$99M

2

9/2/2021

Acquired

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$99M

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10

12/1/2020

Divestiture

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$99M

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10

11/2/2020

Acquired

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$99M

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10

12/6/2019

Acquired - II

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$99M

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10

Date

6/10/2022

9/2/2021

12/1/2020

11/2/2020

12/6/2019

Exit

Divestiture

Acquired

Divestiture

Acquired

Acquired - II

Companies

Nike - Argentina & Uruguay

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Nike Acquisitions

14 Acquisitions

Nike acquired 14 companies. Their latest acquisition was RTFKT on December 13, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/13/2021

Seed / Angel

$99M

$8M

Acquired

32

2/8/2021

Seed / Angel

$99M

$4.83M

Acquired

5

10/11/2019

Other

$99M

$12M

Acquired

3

8/6/2019

Series C

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$99M

$99M

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10

4/9/2018

Seed / Angel

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$99M

$99M

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10

Date

12/13/2021

2/8/2021

10/11/2019

8/6/2019

4/9/2018

Investment Stage

Seed / Angel

Seed / Angel

Other

Series C

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$8M

$4.83M

$12M

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

32

5

3

10

10

Nike Partners & Customers

10 Partners and customers

Nike has 10 strategic partners and customers. Nike recently partnered with Liga BBVA MX Femenil on April 4, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

4/3/2023

Partner

Mexico

Nike is Partnering with Liga BBVA MX Femenil to Grow the Future of Women's Football in Mexico

Nike is announcing a three-year deal to partner with Liga BBVA MX Femenil to become the league 's exclusive sports partner , reinforcing its commitment to grow women 's football worldwide .

1

3/15/2023

Partner

United States

Nike and the Tucker Center Are Partnering to Keep Girls in Sport

Nike has developed a new digital coaching resource , `` Coaching HER , '' in partnership with the Tucker Center in Sport at the University of Minnesota , a preeminent research center leading a global effort to create lasting change for girls and women in sport .

1

2/14/2023

Partner

United States

What Is VLone? Everything You Need to Know About VLone Friends Hoodie

Along with their merchandise , the Vlone have established a music label , and have collaborated with brands like Nike , Off-White , and Supreme .

1

2/6/2023

Partner

United States

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10

2/2/2023

Partner

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10

Date

4/3/2023

3/15/2023

2/14/2023

2/6/2023

2/2/2023

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Mexico

United States

United States

United States

News Snippet

Nike is Partnering with Liga BBVA MX Femenil to Grow the Future of Women's Football in Mexico

Nike is announcing a three-year deal to partner with Liga BBVA MX Femenil to become the league 's exclusive sports partner , reinforcing its commitment to grow women 's football worldwide .

Nike and the Tucker Center Are Partnering to Keep Girls in Sport

Nike has developed a new digital coaching resource , `` Coaching HER , '' in partnership with the Tucker Center in Sport at the University of Minnesota , a preeminent research center leading a global effort to create lasting change for girls and women in sport .

What Is VLone? Everything You Need to Know About VLone Friends Hoodie

Along with their merchandise , the Vlone have established a music label , and have collaborated with brands like Nike , Off-White , and Supreme .

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Sources

1

1

1

10

10

Nike Team

50 Team Members

Nike has 50 team members, including , .

Name

Work History

Title

Status

Maria Eitel

Founder

Current

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Name

Maria Eitel

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Work History

Title

Founder

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Status

Current

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L
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