What brands are owned by Nike?

What brands are owned by Nike?

Nike, Inc. includes the Nike, Converse, Hurley, and Jordan brands and the company is headquartered in Beaverton, Oregon, in the United States. The company takes its name from Nike, the Greek goddess of victory. Nike is famous for its 'Swoosh' logo as well as its "Just Do It" slogan.

How much does Nike own of Converse?

Acquired by Nike in 2003 for $305 million, Converse is now a subsidiary of the American multinational corporation.

Why did Nike buy Converse?

-based Nike. Thomas Clarke, Nike's president of new business ventures, said the company was buying Converse to expand a brand portfolio that now includes a hockey company and a surfwear label.

What does Nike stand for?

Winged Goddess of Victory In Greek mythology, Nike is the Winged Goddess of Victory. The logo is derived from goddess' wing,'swoosh', which symbolises the sound of speed, movement, power and motivation. Agencies.

What companies does Nike own 2020?

In addition to the Nike and Jordan brands, our wholly-owned subsidiaries include Cole Haan (luxury shoes, handbags, accessories and coats); Converse (athletic and lifestyle footwear, apparel and accessories); Hurley (action sports and youth lifestyle footwear, apparel and accessories); Nike Golf, and Umbro (a leading ...

Who is the owner of Nike?

Phil Knight Phil Knight, founder of shoe giant Nike, retired as chairman in June 2016 after 52 years at the company. Knight ran track at the University of Oregon and created Nike shoes with his former track coach, Bill Bowerman. In 1964, they each put up $500 to start what would become Nike, then called Blue Ribbon Sports.

Does Nike Own Converse vans?

Converse /ˈkɒnvərs/ is an American shoe company that designs, distributes, and licenses sneakers, skating shoes, lifestyle brand footwear, apparel, and accessories. Founded in 1908, it has been a subsidiary of Nike, Inc. since 2003.

Does Nike Own Converse 2021?

Founded in 1908, it has been a subsidiary of Nike, Inc. since 2003. During World War II, Converse shifted its manufacturing to make footwear for the military. ... As of 2019, Converse sold products through 109 company-owned retail stores in the United States and 63 stores in international markets.

How much did Nike pay for Converse shoes?

Converse has been a perfect fit for the Nike – helping the company diversify its portfolio and also adding a new dimension to the company’s footwear division. Nike paid $315 million for Converse in 2003 while the brand had sales of around $200 million – implying a P/S multiple of 1.

What makes Converse shoes different from other shoe companies?

Converse also frequently collaborates on special edition product releases with other brands such as John Varvatos. Converse shoes are distinguished by a number of features, including the company's star insignia, the All Star's rubber sole, smooth rounded toe, and wrap-around strip.

What are some of the brands that Nike owns?

A year earlier, Nike Inc. added one of the leaders in surf apparel, Hurley, to its portfolio. And the Air Jordan brand is another subsidiary that will continue to keep the portfolio thriving. Back in 2003, Nike dropped $305 million to snag Converse, the brand behind those classic Chuck Taylor All Stars.

When did Converse All Stars shoes go out of business?

Canvas-rubber shoes regained popularity in the 1980s as casual footwear, but Converse eventually became over-dependent on the "All Stars" brand, whose market collapsed by 1989–1990. By the year 2000, Converse was slipping repeatedly into receivership as debt piled up yearly.