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Home > Company Index > Consumer Products-Non-Durables  > Apparel Footwear & Accessories > Converse Inc.

Converse Inc.
 NEWS FROM THE STANDARD
A Rough Road Trip to the Net
Jun 05 2000 12:00 AM PDT

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May 29 2000 12:00 AM PDT

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Dec 06 1999 12:00 AM PST

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May 10 1999 12:00 AM PDT

 PROFILE
NBA basketball stars Dennis Rodman and Larry Bird have endorsed Converse's sneakers -- but what does that mean to a skateboarder? Converse makes high-performance basketball and cross-training shoes, but with the athletic footwear business in a slump, it has focused on its casual lines (such as canvas Chuck Taylor All Stars and skateboarding shoes). Converse also licenses sports apparel and accessories. Its products are sold worldwide through about 6,000 sporting goods, department, and shoe stores and about 30 company-operated retail outlets. Leon Black's Apollo Investment Fund owns 64% of Converse. The company has filed for Chapter 11 bankruptcy protection and is liquidating its assets.

 COMPETITION
NIKE, Inc. (NKE)
Reebok International Ltd. (RBK)
adidas-Salomon AG (ADDDY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 209.10
1-Yr. Sales Growth: (9.8)%
Employees: 1,510
Revenue per employee: $138,476.82

 KEY PEOPLE
• Jack Boys
    CEO
• Lisa Kempa
    CFO

 CONTACT INFO
One Fordham Rd.
North Reading, MA 01864
US
Phone: 978-664-1100
Fax: 978-664-7472
Online: Web Site

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