Tag: Nike

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  • Lebron James and Nike

    Lebron James Signs Lifetime Endorsement Deal With Nike

    Nike has signed a lifetime endorsement deal with basketball star LeBron James. James, a four-time MVP of the National Basketball Association, first signed a deal with Nike when he was still a high school basketball star in 2003. “We have already built a strong LeBron business over the past 12 years, and we see the potential for […]

  • Adidas Runtastic

    Adidas Acquires Huge Fitness Tech Company To Combat Nike

    Adidas mentioned in its blog post yesterday that it just acquired fitness tracking app startup Runtastic for $240 million. Along with the acquisition, Adidas gains access to a community of 70 million active users, helping it gain traction in the connected wearables industry. The Europe-based app maker, founded in Austria back in 2009, has over 20 fitness, health and endurance apps […]

  • Nike Gives CEO Mark Parker 30 Million five year deal

    Nike CEO Mark Parker Given $30 Million To Stay For Five Years

    Nike Chief Executive Officer Mark Parker has been granted a stock award valued at nearly 10 times his annual share grant, on that condition that he remains as the company’s head for the next five years. The 59-year-old head of Nike was granted restricted stock with a target value of $30 million. Grant will receive the […]

  • Phil Knight Stepping Down at Nike

    Nike Founder Phil Knight To Step Down From Board, Recommends Successor

    Nike Inc. on Tuesday announced that chairman and founder Phil Knight will step down next year. Before leaving the company’s board, Knight recommended Chief Executive Mark Parker as his successor. Mr. Parker “has been an outstanding CEO for the past nine years, and has demonstrated time and again his love for this Company and his […]