Search results
Results from the Tech24 Deals Content Network
Sneaker brand Converse is the latest subsidiary of parent company Nike to feel the heat from the sneaker giant’s $2 billion cost-saving plan that includes laying off 2% of its workforce ...
Converse (/ ˈ k ɒ n v ər s /) is an American lifestyle brand that markets, distributes, and licenses footwear, apparel, and accessories.Founded by Marquis Mills Converse in 1908 as the Converse Rubber Shoe Company in Malden, Massachusetts, it has been acquired by several companies before becoming a subsidiary of Nike, Inc. in 2003.
Nike acquired Converse in 2003 for an estimated $305 million and continues to market Chuck Taylor All Stars. [ 16 ] Converse's manufacturing operations for Chuck Taylor All Stars, as well as the company's other shoes, was moved from the United States to other countries such as China , India , Vietnam and Indonesia .
As part of Nike’s three-year cost-saving plan to bring it back from slumping sales and compete with a new wave of sneaker brands, the shoe giant is in the process of laying off up to 2% of its ...
Nike, Inc.[ note 1 ] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [ 5 ] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ]
The company will close locations over the next three years, but has not announced which ones. On the Treasure Coast, over 20 stores remain open, according to its store locator. Gianna Montesano is ...
Nike acquires once-bankrupt rival Converse for $305 million on July 9. For the first time in the company's history, international sales exceed USA sales. Nike is again (also in 1994) named "Advertiser of the Year" by the Cannes Advertising Festival. Nike signs NBA player LeBron James with an unprecedented $87 million endorsement contract.
Parent. Nike, Inc. (1994–2008) Peak Achievement Athletics. (2017–present) Website. bauer.com. Bauer Hockey LLC (renamed Nike Bauer from 2005 to 2008) is a manufacturer of ice hockey equipment, fitness and recreational skates and apparel. [2] Bauer produces helmets, gloves, sticks, skates, shin guards, pants, shoulder pads, elbow pads ...