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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.
By the 1950s, Chuck Taylor All Stars had become a standard among high school, collegiate, and professional basketball players. [10]In the 1960s, Converse had captured about 70 to 80 percent of the basketball shoe market, with Converse Chuck Taylor All Stars being worn by ninety percent of professional and college basketball players.
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 ...
In 1991, LJO Inc. acquired the brand. Despite the split and selling of both companies, Converse kept the rights of the Jack Purcell line of shoes from the PF Flyers acquisition. Rebranded with the Converse name, Jack Purcell sneakers are still produced today. In 2001, New Balance purchased PF Flyers and re-launched the brand in 2003. [1]
This sweater and wide-leg pant set looks way more high-end than the price suggests. The slouchy oversized silhouette is the perfect comfy, ready-for-a-cozy-day-at-home fit.
In 1979, Volume Shoe was acquired by The May Department Stores Company. [11] Payless bought Picway Shoes from the Kobacker department store chain in 1994. [12] In 1996, May spun off Payless to shareholders, making it once again an independent, publicly traded firm. Payless acquired the mid-priced shoe chain Parade of Shoes from J. Baker, Inc ...