Nike (NKE) has renamed its 400-acre World Headquarters in Beaverton, Oregon, to the Philip H. Knight Campus - PHK, paying tribute to its co-founder and first employee.
The move celebrates Knight's legacy and the entrepreneurial spirit he instilled in the company, one defined by boldness, creativity, and belief in possibility.
Elliott Hill, President and CEO of Nike, described the renaming as more than symbolic, calling it a reminder of Knight's enduring influence and the power of belief turned into action.
The Beaverton campus, inspired by classic college architecture, first opened in 1990 with six buildings named after athletes. As Nike expanded, the campus grew to include facilities named after sports icons like Mia Hamm and Ken Griffey Jr. Its latest additions include the LeBron James Innovation Center and the Serena Williams Building.
Now spanning over 40 buildings, Nike's global network also includes offices in the Netherlands, China, and Boston. The company plans to host a celebration honoring Knight in spring 2026.
Tuesday, NKE closed at $67.64, up 0.39%, and is currently trading after hours at $67.70, up 0.09% on the NYSE.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.