Does Nike Own Converse?

Converse, Inc. is a subsidiary of Nike, Inc., as of 2014. Nike, previously a competitor of Converse, purchased the company from Footwear Acquisitions for $309 million on July 9, 2003. Footwear Acquisitions had purchased and restructured Converse in April 2001 after Converse's January 2001 bankruptcy filing.

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