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Their sales plummeted in the early s and the outlook of the iconic shoe brand was grim. That was until another brand that had been gaining popularity since the s stepped in. The company gave Converse a run for its money by unseating it as the number one shoe in the NBA with its Air Jordans in the s.
It was in that things were looking grim for Converse. The company had filed for bankruptcy and was now acquired by Footwear Acquisitions a private holdings company. Then in , Nike made an offer for the in troubled waters company and the price they paid seemed to be too much. However, the people at Nike clearly saw potential in the nostalgic brand as they were able to repopularize what was thought to be a dying giant. Nike definitely got Converse for a bargain because the subsidiary is doing amazingly under its new management.
Despite its troubled past, the classic shoe brand is definitely heading for even higher sales in the future because it appears to be gaining popularity among social media influencers now. A year earlier, Nike Inc. Air Jordan. Replay gallery. Pinterest Facebook. Up Next Cancel. By Alexis Bennett. Share the Gallery Pinterest Facebook. Skip slide summaries Everything in This Slideshow. Close this dialog window View All 1 of 3 Converse. Table of Contents. You Might Also Like. Alexis Alden October 25, October 26, Alexis Alden October 25, Read this article to explore the facts for Endthesilencee Blogpost com and reveal whether the platform is reliable or just Please read this report to learn about Bleakprojet Com, a portal presently offering the pre-order of horror comic strips written If you want to know about the biography of Brandon Lee and the reason why people are searching the Brandon This website uses cookies to improve your experience.
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