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

After just two years on the job, Nike (NYSE:NKE) is replacing the CEO of struggling brand, Converse, with Aaron Cain, the ...

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

Nike CEO Elliott Hill announced that Converse CEO Jared Carver is out and will be replaced by Aaron Cain, VP of Nike Global ...

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 ACN-N -1.95% said in an internal memo seen by Reuters on Thursday that Jared Carver, president and CEO of Converse, ...

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

Nike, Inc. has appointed Aaron Cain, a 21-year company veteran, as the new CEO of Converse, according to Bloomberg. Cain ...

On September 4, 2003, Nike acquired Converse for $315 million – two years after the latter filed for bankruptcy. Converse had annual sales of just over $200 million at the time of acquisition.

The No. 1 overall pick in the 1991 NBA Draft out of UNLV said Converse’s original idea was to have him share the screen with ...

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.