2min chapter

Acquired cover image

Nike

Acquired

CHAPTER

The Life and Times of Phil Onituka

In 1963, Adidas sent Phil Shudag samples of track and field shoes. He decided to sell them out of his car in the West Coast for $50 a pair. The business plan worked so well that he quit his job as an accountant with plans to hire more people. But it took over a year before Onituka gave him permission to open a retail outlet or get enough inventory to sell wholesale.

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