Ex-basketball star thought Nike and Adidas weren't doing enough for Black people—so he built a $30 million competitor
Publishing timestamp: 2023-02-24 08:30:01
Summary
Lanny Smith, founder and CEO of Actively Black, a sportswear company, launched in 2020 in the wake of George Floyd's death. The company is reportedly valued at $30 million and has brought in $5.6 million in revenue last year. It has collaborated with Disney and made Nigeria's official uniforms at the 2022 Winter Olympics. Smith is committed to making a lasting impact on the Black community and has donated $500,000-plus to various organizations. He is also giving opportunities to Black talent, Black photographers, Black videographers, Black designers, and Black marketers. He is inspired by Nike's backstory and is hoping to become a multibillion-dollar brand.
Sentiment: POSITIVE
Tickers: NKE,
Keywords: lanny smith, entrepreneurship, nike inc,