Converse stock dropped 35% on June 29, while Tim Cook bought Nike shares and Elliott Hill also purchased Nike stock.
1 report, 1 independent
Updated Jun 29
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What happened
Converse stock dropped 35% on June 29, while Tim Cook bought Nike shares and Elliott Hill also purchased Nike stock.
Who's involved
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The entities involved
Related events
- Nike replaced Converse CEO on July 12, 2025, in an effort to improve performance, as Converse's struggles are negatively affecting Nike's business.
- Nike is facing sales decline in Greater China, while CEO Elliott Hill leads the company's turnaround effort.
- Converse is now owned by the failing Nike brand.
- Nike is losing market share to its rival Adidas.