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Nike’s Latest SEC Filing Revives Converse Sale Speculation

In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
Converse’s headquarters in Boston, USA.
Converse’s headquarters in Boston, USA. (Nike)

Nike’s long restructuring plan under Elliott Hill has at least one more round to go.

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