Acquired
Nike
David Rosenthal
The third piece then is sort of obvious and has happened all along, but now as Nike is making their own shoes, is outsourcing and global outsourcing of manufacturing. So again, Nike isn't making the shoes in their own factories. Now, they did actually buy a factory in New Hampshire along the way, which is a little bit of a detour. Phil sent Jeff Johnson out to buy it and run it.
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