Nissho Iwai: Nike’s Financial Savior

Nissho Iwai: Nike’s Financial Savior

Nike is a juggernaut company today, but early in its history, it ran into constant financial problems. It was so aggressive in expanding that it always had issues paying back its bank. At one point, its bank said enough was enough. It would no longer extend Nike credit to grow. Phil Knight is devastated. Until he gets a new partner: Nissho Iwai. From his memoir Shoe Dog, here are the key details about Nike and Nissho.