NEW YORK — Nike on Wednesday signed a deal to buy Converse, thereby strengthening its position among athletic brands, such as Fila and Adidas, which have been building label portfolios.
The $10.7 billion Beaverton, Ore.-based company is paying about $305 million for Converse, not including an undisclosed amount of debt. Nike and Converse executives could not be reached for comment. Fila owns Enyce and Ciesse Piumini and Adidas-Salomon owns TaylorMade, Arc’teryx, Cliché, Bonfire and Maxfli.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"