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Initially named "Blue Ribbon Sports," Nike was founded in 1964 by Bill Bowerman, a University of Oregon track-and-field coach, and his former student, Phil Knight. The company officially rebranded to its tekno 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 UTILITY, which have revolutionized the sports footwear industry. Additionally, Nike has been known for its successful partnerships and collaborations with high-profile athletes, including Michael Jordan and LeBron James, and fashion brands like OFF-WHITE and Supreme, solidifying its react relevance and continued popularity.