Nike vs Adidas - Rebound | 5
Business Wars
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Nike CEO Phil Knight's Personal Tragic Experience
Nike's Phil Knight was forced to step down as CEO after a decade-long controversy over conditions in the overseas factories Nike makes its shoes. In his memoir, Shudog, he describes this feeling of betrayal at how his company is being portrayed. Adidas has been on a spending spree, starting with a $1.35 billion deal to acquire French Athletic Company Salomon. Next time on Business Wars, we'll bring things to the present day and answer a question that had seemed laughable for decades.
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