Nissho Iwai, every mention

Nike (Audio) · Acquired Jul 25, 2023 · 25 mentions

• ▶ 1:03:30 David Rosenthal So, the company that he ends up meeting at the local branch office of it in Portland, I think they might have been the only Japanese trading company with a branch office in Portland, is Nisho Iwai, which is one of the smaller ones.
• ▶ 1:04:18 David Rosenthal Nisho UI was a godsend for Blue Ribbon.
• ▶ 1:05:12 David Rosenthal Walks into the office of Nisho Iwai in Portland.
• ▶ 1:05:15 David Rosenthal This is like the Portland, Oregon branch office of Nisho Iwai.
• ▶ 1:05:49 Ben Gilbert Well, the first thing you have to know is Nisho knows Japanese manufacturers, and so they start asking Phil Knight questions like, well, who do you work with in Japan?
• ▶ 1:06:28 David Rosenthal I just met Nisho Iwai.
• ▶ 1:06:40 David Rosenthal And the reason they say absolutely not is, Ben, just like you're saying, they know what's gonna happen here, is Nisho is gonna say to Phil, hey, you know, this is nice that you're buying Onitsuka's inventory.
• ▶ 1:07:01 David Rosenthal Nisho is a hundred billion dollar company, right?
• ▶ 1:07:04 David Rosenthal Nisho's gonna say, hey, we'll introduce you to manufacturers, to factories here in Japan.
• ▶ 1:10:16 David Rosenthal Although if Nisho EY is interested, I'm sure they would be happy to work with them too.
• ▶ 1:11:03 Ben Gilbert Nisho enters the picture.
• ▶ 1:11:15 David Rosenthal They know what this Nisho relationship is gonna mean for Blue Ribbon, and it's not good for them.
• ▶ 1:13:02 David Rosenthal He knows at this point that he's done with Onitsuka, they're gonna go with Nisho, and they're gonna set up their own factory relationships and make their own shoes.
• ▶ 1:14:43 David Rosenthal Is waiting on spinning up the Japanese factory relationships with Nisho Iwai.
• ▶ 1:23:45 David Rosenthal Phil signs a deal, finally, with Nisho EY, and the core part of the deal is Nisho will, A, finance all of Blue Ribbon's financing needs, henceforth, pretty much at a scale that goes all the way up to the moon.
• ▶ 1:24:10 David Rosenthal Two, Nisho will help Blue Ribbon set up direct manufacturing relationships in Japan, which they do.
• ▶ 1:24:18 David Rosenthal And then three, in exchange for all that, Nisho gets a four percent royalty on every shoe that Blue Ribbon sells, which ultimately ends up being a great relationship.
• ▶ 1:24:51 David Rosenthal I know that the relationship with Nisho Iwai continued for like, 3040 years, like a very long time.
• ▶ 1:26:14 David Rosenthal So once this is all in place, Phil goes over to Japan and works with Nisho, goes, visits lots of factories,
• ▶ 1:33:56 David Rosenthal So to go from all the crazy drama, ending the Tiger relationship, starting up their own factory production, making the waffle trainer to be at 3.2 million dollars, fully financed by Nisho,
• ▶ 1:40:07 David Rosenthal Phil comes up with the idea, because remember, he's got the niche OUI partnership, but financing is still, like, he's scarred by this.
• ▶ 1:40:30 David Rosenthal So he's essentially moving his financing from banks and niche UI over to his retail partners, to his customers.
• ▶ 1:41:55 Ben Gilbert They use Nisho's money
• ▶ 3:58:02 Ben Gilbert Nisho Iwai was involved in a corruption scandal in 1979 after it passed on a five hundred million dollar yen bribe from McDonnell Douglas to the director of the Japanese Defense Agency in an attempt to influence the sale of the F-IV…
• ▶ 3:58:34 Ben Gilbert oh my god, it happened through Nisho.