Nike Inc. is replacing the chief executive officer of its Converse subsidiary as it looks to reverse a lengthy sales slump ...

Nike's Jared Carver is expected to resign as president and CEO of footwear brand Converse with seasoned Nike executive Aaron ...

Nike said in an internal memo seen by Reuters on Thursday that Jared Carver, president and CEO of Converse, would step down ...

Jared Carver is leaving the role after just two years, but will stay on for a transition period through the end of the month.

Shares of shoes and sportswear company Nike ( NKE -2.48%) gained 1.4% on Thursday before turning tail and losing nearly twice ...

Nike's Converse investment pays off. In 2003, Converse shoe brand's 95th anniversary, Nike bought the company for $305 million. At the time, Converse had annual sales of just over $200 million.

Converse's CEO is out after 2 years and double-digit revenue declines. A new leader has been named guide the "next chapter of ...

Nike has inked a deal to buy Converse Inc., for about $305 million plus the assumption of certain liabilities. North Andover-based Converse is a designer, distributor, and marketer of high ...

In sharp contrast, Nike’s P/S multiple was just 0.15x at the time of purchase – less than one-tenth of the multiple for the Converse deal.

Warner Bros. Pictures is about to inspire a whole new generation of movie fans with "Space Jam: A New Legacy," starring LeBron James, Bugs Bunny and everyone’s favourite Looney Tunes. The film ...

College students compete for careers at Nike's Oregon campus where only 0.3% of 70,000 applicants are accepted into the ...

The Swoosh is swallowing Chuck Taylor. In a deal with cultural significance that far outweighs its monetary value, Nike Inc., the $10.7 billion a year maker of the world's highest-tech sneakers ...