Exploring the Relationship Between Nike and Converse: Does Nike Own Converse?

Nike and Converse have a long and intertwined history. While Nike does own Converse, the two brands have a unique relationship that has evolved over the years.

Nike first acquired Converse in 2003, when the company purchased the brand for $305 million. Since then, Nike has maintained the Converse brand as a separate entity, allowing it to retain its own identity and style.

Despite being owned by Nike, Converse has managed to remain independent and distinct from its parent company. This is largely due to the fact that Nike has allowed Converse to continue to operate as its own brand, with its own design team and marketing strategy.

Converse has also been able to maintain its own unique style and identity by collaborating with other brands and artists. This has allowed the brand to stay relevant and appeal to a wide range of consumers.

Despite being owned by Nike, Converse has managed to remain a distinct and independent brand. While Nike does own Converse, the two brands have a unique relationship that has allowed Converse to remain its own entity. This has allowed Converse to remain relevant and appeal to a wide range of consumers.