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Converse names Nike veteran as new CEO

The president and chief executive officer of Converse, Jared Carver, has announced his departure from the footwear brand. He will be succeeded by Aaron Cain, a veteran at Converse’s parent company Nike. This is according to an internal memo, which was originally seen and reported on by Bloomberg and Reuters. FashionUnited has contacted Nike and...

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Business

Nike's 'Sport Offense' strategy aims to reposition business after sharp revenue decline

Nike announced its financial results for the fourth quarter and full year, which concluded on May 31, 2025. The athletic footwear and apparel giant reported full-year revenues of 46.3 billion dollars, marking a 10 percent decrease on a reported basis. The fourth quarter similarly saw a downturn, with revenues reaching 11.1 billion dollars, down...

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