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Nike
Acquired
The Story of Phil Bowerman
In 1971, they do create Nike Inc. It is a wholly owned subsidiary of Blue Ribbon Sports. Of course, later on, these would flip and Nike would become the parent company. But for now, it's a subsidiary of blue ribbon sports. So that weekend, supposedly it was the weekend right after night told Bowerman about what was happening. He goes home and over breakfast on Sunday,. His wife Barbara is making waffles for breakfast. Bill is struck with inspiration. And he's like, hey, honey, can I borrow that waffle iron?Borrow that waffleIron was not coming back.
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