Acquired
Nike
David Rosenthal
So up until this point, from after World War II until the mid-'70s, the yen was pegged to the dollar. Once the currency floats, and the Japanese economy, of course, has come up hugely over these decades, now currency issues become a big problem for Nike in terms of importing from Japan. And the cost of labor is going up. So basically, the writing's on the wall.
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