Nike is a U.S. multinational company engaged in design, development, manufacturing, marketing and global sales of shoes, clothing, equipment, accessories and services. The company's headquarters are located near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of shoes and sportswear and a major sports equipment manufacturer, with revenues exceeding US$37.4 billion in fiscal year 2020 (ending May 31, 2020). As of 2020, 76,700 people were employed worldwide. In 2020, the brand alone valued at more than $32 billion, making it the most valuable brand among sports companies. Previously in 2017, the Nike brand was valued at $29.6 billion. Nike ranked 89th in the Fortune 500 list for 2018 for the largest U.S. companies in terms of total revenue. The company was founded on January 25, 1964, as Blue Ribbon Sport, by Bill Bowerman Knight, and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike, the Greek goddess of victory. Nike is projecting its products under its own brand, in addition to Nike Golf, Nike Pro, Nike+, Jordan Airlines, Nike Blazers, Air Force 1, Nike Dunk, Max Air, Foam, Nike Skateboard, Nike CR7, and subsidiaries including the Jordanian brand and Converse. Nike also owns the Bauer Hockey Club (later renamed Nike Power) from 1995 to 2008, and previously owned Cole Han, Umbro, and Hurley International. In addition to manufacturing sports wear and equipment, the company operates retail stores under the name Niketown. Nike sponsors many prominent athletes and sports teams around the world, with highly recognized brands of "Just Do It" and the Swoosh logo.