India, Oct. 16 -- Nike (NKE) is expanding its presence in India with plans for a new global campus in Bengaluru as the sportswear giant looks to revive growth under CEO Elliott Hill and tap into one of the world's fastest-growing consumer markets.
The campus, expected to open within the next few years, will house corporate roles spanning Nike, Jordan Brand and Converse. Hill described the project as a long-term investment, citing India's importance as both a growth market and manufacturing hub.
The expansion comes as Nike struggles in Greater China, where fiscal first-quarter revenue fell 26 percent. The company said China remains a long-term priority and stressed that its India investment is not intended to replace its focus on the marke...