Nike is one of the world's most popular American multinational corporations engaged with the design and creation of sports and athletic wear and equipment. It has a wide range of active-wear product such as men's and women's shoes, tops, tanks, shorts, hoodies, jackets, pants, bags, hats, etc. Its headquarters is in the Portland metropolitan area in Oregon. The company was established in 1964 under the name Blue Ribbon Sports by Bill Bowerman and Phil Knight. Later on the name was changed to Nike. The revenue of the company for the fiscal year of 2012 is over US$24.1 billion. The brand was valued at $10.7 Billion which makes it the most valuable sports wear brand. Currently Nike has over 44 000 employees worldwide.