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Yue Yuen did underpay an employee by 250 yuan (40.82 US Dollars) per 30 days. In 2001, a BBC documentary uncovered occurrences of child labor and poor working situations in a Cambodian manufacturing facility utilized by Nike. The documentary targeted on six ladies, who all worked seven days every week, often sixteen hours a day. During the Nineteen Nineties, Nike confronted criticism for the utilization of child labor in Cambodia and Pakistan in factories it contracted to fabricate soccer balls.

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In November 2015, Nike announced it might provoke a $12 billion share buyback, as well as a two-for-one inventory split, with shares to start trading on the decreased value on December 24. Nike has acquired and offered several attire and footwear corporations over the course of its historical past. Its first acquisition was the upscale footwear firm Cole Haan in 1988, adopted by the acquisition of Bauer Hockey in 1994. In 2002, Nike purchased surf apparel firm Hurley International from founder Bob Hurley. In 2003, Nike paid US$309 million to amass sneaker company Converse. The firm acquired Starter in 2004 and soccer uniform maker Umbro in 2007.

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Another important growth right now was the Chuck Taylor All-Star Modern, an update of the classic basketball sneaker that integrated the round knit higher and cushioned foam sole of Nike's Air Jordans. In 1976, the company employed John Brown and Partners, based mostly in Seattle, as its first advertising company. The following yr, the company created the first "brand advert" for Nike, referred to as "There is not any end line", by which no Nike product was shown. By 1980, Nike had attained a 50% market share in the united states athletic shoe market, and the company went public in December of that year.

Nike was the official kit sponsor for the Indian cricket team from 2005 to 2020. On February 21, 2013, Nike introduced it suspended its contract with South African limbless athlete Oscar Pistorius, because of his being charged with premeditated murder. Nike is a major sponsor of the athletic applications at Penn State University and named its first baby care facility after Joe Paterno when it opened in 1990 on the company's headquarters.

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The so-called "Moon Shoes" were designed by Nike co-founder and track coach Bill Bowerman for runners participating in the 1972 Olympics trials. The buyer was Miles Nadal, a Canadian investor and car collector, who had simply paid $850,000 for a gaggle of ninety nine uncommon of limited assortment pairs of sport shoes. Most backpacks have shoulder straps for ample padding with out adding an extreme quantity of weight to the backpack. Jansport backpacks are incredibly sturdy because of the material used. Because of this, Jansport provides a lifetime guarantee with any product.

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