Has $NKE made any significant acquisitions in the past? The company has experienced some headwinds in the past but has world class marketing and product design & scale distribution. CEO Donahue sucked (surprising no one except the BoD) and the new peeps will reverse his idiotic decisions. - ThreadSky

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mtannenbaum.bsky.social • 105 days ago

Has $NKE made any significant acquisitions in the past? The company has experienced some headwinds in the past but has world class marketing and product design & scale distribution. CEO Donahue sucked (surprising no one except the BoD) and the new peeps will reverse his idiotic decisions.

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compoundet.bsky.social•105 days ago

Lots of companies not needing to be acquired for an exit like before as capital has become more abundant

Even small brands are picking up ….

It’s been very interesting to observe:)

hex720.net•105 days ago

Yes, Converse.

https://www.forbes.com/sites/greatspeculations/2019/11/15/was-nikes-acquisition-of-converse-a-bargain-or-a-disaster/

mtannenbaum.bsky.social•105 days ago

Ah yes, I vaguely remember that. Looking on BBG, it does not appear there has not been any in the past decade.

hex720.net•105 days ago

I know that one because I have a few pairs of converse, but I noticed a drop in quality from Nike and Converse and switched to Adidas. I still have two excellent pairs of converse Mountain Club shoes that I love.

thinkyparts.bsky.social•105 days ago

Not to my knowledge, but they let the competition create real followings that I don’t think they can claw back organically.

mtannenbaum.bsky.social•105 days ago

While I am not a $NKE historian, I am old enough to remember in the past when other shoe brands took share from the company and it looked like it would never win those customers back.

thinkyparts.bsky.social•105 days ago

Yeah, but on the other hand… whatever happened to reebok?

mtannenbaum.bsky.social•105 days ago

That is my point. Nike sent them to Valhalla.

thinkyparts.bsky.social•105 days ago

Hmnnn. Now I’m going to be asking everyone what they think of Nikes. I’ve got the impression that they are no longer an authentic brand.

Bad news is I’m in airports all day… and am now staring at people’s shoes.

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