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Nike founder Phil Knight to step down as chairman

Thursday, July 2, 2015 - 05:50

Mr Knight launched Nike in 1968 after first selling sneakers out of his car

New York

PHIL Knight, who built Nike from a modest US shoe company into a global sports giant and marketing juggernaut, will step down as chairman next year, the company announced on Tuesday.

No departure date was set for Mr Knight, a former track standout at the University of

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