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

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

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

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

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

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

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, 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.

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.