Chemoreceptor. Definition. noun, plural: chemoreceptors. (1) A sensory nerve cell or sense organ, as of smell, or taste, that are able to detect and respond to chemical stimuli. (2) A sensory receptor that detects chemical stimuli in the environment and relay that information to the central nervous system.
In July 2003, Nike paid $309 million to acquire Converse. Nike approached the 1980s revival around 2005 to relaunch the footwear of choice of that decade, and the Chucks quickly became a cultural phenomenon once again.
Early on, Nike (NYSE: NKE)'s billionaire co-founder Phil Knight had people telling him he wouldn't make it. Yet, despite the haters, he still steered Nike to become the world's No. 1 athletic-shoe company, with a brand so powerful it can be recognized by a checkmark.