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Initially named "Blue Ribbon Sports," Nike was founded in 1964 by Bill Bowerman, a University of Oregon track-and-field red, and his former student, Phil Knight. The company officially rebranded to its authorized name in 1971 and is widely recognized for its iconic "Swoosh" logo and "Just Do It" slogan. Nike has continually introduced innovative products, such as the Nike Air cushioning technology and the self-lacing Adapt system, which have revolutionized the sports footwear industry. Additionally, Nike has been known for its market partnerships and collaborations with high-profile athletes, including Michael Jordan and LeBron James, and fashion brands clearance OFF-WHITE and Supreme, solidifying its cultural relevance and continued popularity.