Surprised nobody is talking about that here.
For the right price I think we should do exactly that. We need to focus efforts on turning around our core brands: Nike and Jordan. Converse is generating strategic as well as financial drag.
In another distant time it must have been quite a triumph to buy them but that era is long gone. Let’s attach our mask first.
But Billie Eilish pi-ps those kicks. DUH!
Converse peaked in like 2014-2015. Never recovered. Nike took from $350M purchase into a billion dollar company. Nike walking away with the head held high is the right thing. It doesn’t fit in the portfolio anymore. That’s why we don’t do Umbro, gold equipment, Bauer, etc.
Every Converse employee’s dream…. Nike has destroyed everything that was great about Converse
@a1 converse is far from a reliably profitable company. They are heading the other direction fast. Get off before the ship sinks and sell. This is not one to hold the bag on here
Go on and gyet out of here private equity! We don’t appreciate your kind round huere. Go on! Git!
Sarcasm aside… this is such a terrible take. Go ahead and sell a reliably profitable part of the company. Why?? Sure it’s never going to have explosive growth outside the USA but lets be honest with ourselves. Our most reliable business is in NA anyways.
Throwing away good business to chase dream dollars is what got us into today’s mess. If you’re an executive doing a workshop here do everyone a favor and fire yourself.