Nike International, Ltd. in 1981 to spearhead the company's push into Europe and Japan, in addition to into Asia, Latin America, and Africa. In Japan, Nike allied itself with Nissho Iwai, the sixth largest Japanese trading company, to type Nike-Japan Corporation. Its operations in Japan had been almost instantly worthwhile, and the corporate rapidly jumped to second place in the Japanese market, however in Europe, Nike fared much less properly, losing cash on its five European subsidiaries. Because Nike already held a part of the low-priced athletic shoe market, the company set its sights on the excessive-priced finish of the size in Japan. The corporate had shifted its overseas manufacturing away from Japan at this point, manufacturing nearly four-fifths of its shoes in South Korea and Taiwan. The company's growth had actually begun to take off by this time, riding the growth in reputation of jogging that befell within the United States within the late 1970s. BRS revenues tripled in two years to $14 million in 1976, after which doubled in just one yr to $28 million in 1977. To keep up with demand, the company opened new factories, adding a stitching plant in Maine and additional overseas production services in Taiwan and Korea

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