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Is Converse from Nike?

Question 1: Does Converse belong to Nike? In 2008, Nike acquired Converse's headquarters in the United States. Currently, Nike has 6 major brands. Among them, Converse’s share accounts for 26%.

Question 2: What is the relationship between Converse and Nike? Nike announced that it will acquire the sports shoe manufacturer Converse for US$305 million and Assume all debts of Converse. Nike (NKE) is the world's largest athletic shoe maker. The company said the acquisition of Converse is consistent with its strategy of acquiring leading brands. Tom Clarke, president of Nike's New Business Ventures division, said in a company statement, "Converse fully meets our acquisition criteria and its brand assets have the potential to further enhance Nike's revenue and earnings prospects. We believe that the acquisition Converse is well positioned to create long-term value for shareholders. "Converse is a privately held company best known for its basketball shoes. The company has relied on its Chuck Taylor, All Star and Jack Purcell product lines in an attempt to rebound in recent years. In January 2001, Converse's parent company, CVEO, filed for bankruptcy protection after years of declining sales. The investment group owned by the company's chairman, Marsden Cason, acquired the company at the end of 2002 and issued $86 million in initial shares at the end of 2002 to take the company public. In 2002, Converse's profit was US$18.6 million, with sales of US$205.3 million. At the end of June this year, Nike announced that its fourth-quarter profit was US$246.2 million, or 92 cents per share, 1 cent lower than market expectations. In the same period last year, the company had a profit of US$246.4 million. That's 77 cents per share. On Wednesday, Nike shares fell 71 cents to close at $53.

Question 3: Is Converse from Nike? It was just acquired... but there are still Converse brand products, but today Wade is wearing the J series... so Converse has no big-name endorsements

Question 4: Nike and Converse have the same code How different are they?

I think Converse is really too big

I bought Converse sneakers. I used to wear Nike sneakers and they were all 41. I went to buy Converse that day and it made a lot of difference. I ended up wearing a size 40.

I think Nike basketball shoes are larger than any other shoe size. They usually go up one size. I don’t know why. .

Question 5: How long ago was Converse acquired by Nike in 2003?

Performance declined in Japan

So Nike bought it

< p> It’s really unbearable for loyal cons fans

However, although cons is owned by Nike as a brand, it still exists independently

It’s just managed by Nike< /p>

But I am still very angry

Question 6: Is it better to buy Converse or Nike? Different styles

Americans like Converse very much

Because they say that Converse’s logo is a five-pointed star

Anthracene...it’s really patriotic! !

Girls’ feet will look too small when wearing Converse

If your feet are below 36 or above 38, please do not buy it

Nike is bigger, but the latest models None of them look good

But I personally like Nike

. Ha... But it’s still a personal preference

Question 7: Is Converse a series of Nike? How do I put this question? In fact, compared to Converse, Nike's qualifications can only be regarded as grandchildren. In the past, Converse was the leader in basketball shoes, but after the 1980s, Nike gradually took the initiative in the market with its technological strength, although Converse also strengthened its technology. The development was unsuccessful. Later, when Nike acquired Converse, it changed from a competitor to a subsidiary of Nike. It mainly makes vulcanized shoes but also basketball shoes, which are not made in China, so it is not a series. What does Converse like to do? What to do, it’s just that the boss has changed

Question 8: Is Converse really acquired by Nike? On July 9, 2007, Nike announced that it would fully acquire Converse Inc., another famous sports shoe manufacturer, for US$305 million and the payment of part of its debt. As soon as the news was announced, Nike's stock price immediately rose 66 cents to $53.66 per share.

Century-old converse company

The stock market’s optimistic reaction is justified. Because Converse is not an unknown company, it is an old store that has been established for nearly a hundred years and owns several famous brands. The company, headquartered in North Andover, Massachusetts, was founded in 1908. It has 12,000 specialty stores, distribution stores and a huge distribution network in 100 countries and regions around the world. In the 1920s, it produced the world's first pair of canvas rubber-soled basketball shoes. In the next half century, it was the king of basketball shoes in the United States until it was surpassed by Nike in the 1980s.

Converse’s basketball shoes are very different from Nike’s. Nike's basketball shoes are high-end and novel, made of genuine leather, and often have new technologies such as air bags and shock-proofing, but they are also expensive, with a pair costing one hundred, forty and fifty dollars. Converse’s basketball shoes are simple and durable, and they still use canvas fabrics. They are cheap, only $30 a pair. Such shoes are very attractive to middle school students who like sports but are cash-strapped, so they have a different customer base and consumer market than Nike. Some people say that Nike's acquisition of Converse has filled its gap in the mid-range sports shoes and casual shoe market. This just explains the purpose of Nike's acquisition.

Retain the original management

After Nike became the owner of Converse, it did not replace Converse's products with Nike's famous big hook trademark. Because Converse's basketball shoes already have their own old brand: "All-Star", and the logo is a five-pointed star. Nike knows that this brand has been deeply rooted in people's hearts and has its admirers, so it cannot be replaced casually. Therefore, it still retains Converse's three famous brands and even retains Converse's original management intact. This reflects Nike's expansion strategy: to identify existing well-known brands and good management teams, and then buy them entirely as part of Nike, which is much cheaper than creating a brand by itself.

Question 9: Which is better, Nike or Converse? Hello, Converse has been acquired by Nike, but the brand is still retained.

Converse is the best in vulcanized shoes (available in two textures: canvas and leather). It can be said to be the leader in this field. Converse also produces basketball shoes. Previously, it was endorsed by Rodman of the Bulls and Wade of the Heat. The other styles of shoes don’t seem to be involved in production. Nike is involved in various styles of shoes. Except for vulcanized shoes, the other shoes are better than Converse in terms of technology, style and popularity (the quality is hard to say). This society is already very particular about brand effects. When it comes to sports shoes, everyone immediately thinks of Nike and adidas. A CUCCI cowhide belt sells for 8,000 yuan at a shopping mall counter. A cow can only sell for this price. What everyone is buying is the famous brand CUCCI. It's just vanity. Don't worry about it. Just follow your own path. The shoes are on your own feet. The most important thing is to feel comfortable and comfortable. Wear your own shoes and let others have their say, haha. Hope this helps.

Question 10: Which one is better, Converse or Nike? Neither Nike nor Converse are good