Nike Inc’s Downslide Reversed? Bill Ackman’s Pershing Square Thinks So! 

Nike Inc has long been a dominant player in the global sportswear industry, renowned for its innovation and strong brand presence. However, recent challenges, including macroeconomic headwinds and market dynamics, have led to a downslide in its stock performance. Enter Pershing Square Capital Management, led by billionaire investor Bill Ackman, which recently disclosed a $229 million stake in Nike. This strategic investment has sparked renewed interest in the company, suggesting that Pershing Square sees significant potential for a turnaround.