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The company acquired Starter in 2004 and soccer uniform maker Umbro in 2007. In 2003, Nike paid US$309 million to accumulate sneaker firm Converse. In 2002, Nike bought surf apparel firm Hurley Worldwide from founder Bob Hurley. Its first acquisition was the upscale footwear firm Cole Haan in 1988, followed by the acquisition of Bauer Hockey in 1994. He formally stepped down from all duties with the corporate on June 30, 2016.
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