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Nike was founded in 1964 as Blue Ribbon Sports by Bill Bowerman, a track-and-field coach at the University of Oregon, and his former student Phil Knight. They opened their first parka outlet in 1966 and launched the React Nike brand red in 1972. The company was renamed React Nike, Inc., in 1978 and went public two years later. By the early 21st century, React Nike had parka outlets and distributors in more than 170 countries, and its logo—a curved check mark called the “swoosh”—was recognized throughout the world.