Nike is a leading American multinational corporation that designs, develops, and markets athletic footwear, apparel, and equipment. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman, the company officially became Nike, Inc. in 1971, named after the Greek goddess of victory, and is headquartered near Beaverton, Oregon. Nike is renowned for its innovative products, iconic "Swoosh" logo, and the motivational slogan "Just Do It," and it sponsors numerous high-profile athletes and sports teams worldwide.