2min chapter

Acquired cover image

Nike

Acquired

CHAPTER

The Rise and Fall of Nike and the Jordan Brand

Footwear is almost 3x the apparel business on a revenue basis. In some sports specifically, like just to dive into one example, they have a near monopoly in basketball shoes. They sell sneakers to people that go wear sneakers every day and wear them out once or twice a year,. And that's like most people in the world.

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