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This question is about Converse.

Who owns Converse?

By Zippia Team - Aug. 22, 2022

Nike owns Converse. In July 2003, Nike paid $309 million to acquire Converse. Around 2010, Nike relaunched footwear, taking advantage of the wave of 1980s revival in clothing and apparel. The company also expanded the Converse brand to other businesses apart from shoes.

Marquis Mills Converse opened the Converse Rubber Shoe Company in February 1908. The company was a rubber shoe manufacturer providing winterized rubber-soled footwear for men, women, and children. By 1910, Converse was producing shoes daily, but it was not until 1915 that the company started making athletic shoes.

In 1918, the Converse All-Star basketball shoe was introduced. Then, in 1923, a basketball player named Charles H. "Chuck" Taylor walked into Converse complaining of sore feet. Converse gave him a job working as a salesman and ambassador. Taylor promoted the shoes around the United States.

In 1932, Taylor's signature was added to the All-Star patch on the classic, high-topped sneakers, and the shoes affectionately became known as "Chucks."

Converse is headquartered in Boston, Massachusetts, and is broken down into three divisions:

  • Sporting goods

  • Footwear

  • Industrial

The company is multinational and primarily designs, distributes, and licenses sneakers, skating shoes, and lifestyle apparel. It was one of the few products of athletic shoes for over half a century and dominated the American athletic shoe market.

Today, Converse's portfolio includes Converse, Cons, Chuck Taylor All-Stars (Chucks), One Star, and Star Chevron trademarks. Converse has 109 company-owned retail stores in the United States and 63 in international markets. In 2019, Converse had annual revenue of $1.91 billion, with over 4,000 employees working for the company.

Who owns Converse?

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