are nike and new balance the same company
New Balance New Balance maintains a manufacturing presence in the United States, as well as in the United Kingdom for the European market, where they produce some of their most popular models such as the 990 modelâ€”in contrast to its competitors, which often manufacture exclusively outside the USA and Europe. As a result, New Balance shoes tend to be more expensive than those of many other manufacturers. To offset this pricing difference, New Balance claims to differentiate their products with technical features, such as blended gel inserts, heel counters and a greater selection of sizes, particularly for very narrow and/or very wide widths. The company has made total profits of approximately $69 billion since 1992.[citation needed] They are the second most-renown American sporting company, after Nike.
Nike Air Max Released in 1987 as the Air Max, the Air Max 1 is the first shoe to have Nike's air cushioning unit on full display. The sneaker's upper was made of nylon and synthetic felt. Leather version was later released in 1988. A 1992 reissue had taken the midsole and outsole from the Air Max III (now called the Air Max 90) and featured a leather upper [3]. Nylon was brought back in a 1995 reissue.