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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. [ 3 ]
On September 4, 2003, Nike acquired Converse for $315 million – two years after the latter filed for bankruptcy. Converse had annual sales of just over $200 million at the time of acquisition.
On July 9, 2003, Nike Inc. announced that it had entered into an agreement to acquire Converse Inc. for $305 million. Two months later on Sept. 4, Nike Inc. confirmed it had completed the...
Chuck Taylor All-Stars or Converse All Stars (also referred to as "Converse", "Chuck Taylors", "Chucks", "Cons", "All Stars", and "Chucky Ts") are sneakers manufactured by American fashion brand Converse (a subsidiary of Nike, Inc. since 2003). Initially developed as a basketball shoe in the early 20th century, its design has remained largely ...
Who Owns Converse? The brand has had a series of owners over the course of its 116-year history. Nike Inc. has owned Converse since 2003.
As its parent company commands, Converse is just doing it. The 105-year-old brand has grown at breakneck pace since Nike rescued the company in 2003, two years after it filed for bankruptcy.
No, Converse shoes are not owned by Nike. Converse is an American shoe company that has been in business since 1908. It is now owned by the footwear giant, Nike, Inc., which purchased the company in 2003. Nike markets and distributes Converse shoes, but the company is not directly owned by them.