Converse, every mention
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every year anyone Ben Gilbert 8David Rosenthal 4
Verbatim, from the transcripts: the passages where Converse comes up
Hermès (Audio) · Acquired
- ▶ 2:24:00 Ben Gilbert This is like the weird stuff going on at Nike when they were buying, you know, Converse was the good example, but
Nike (Audio) · Acquired
- ▶ 13:21 David Rosenthal There was an American athletic apparel footwear maker in Converse and others, but Converse at the time was stuck in the canvas shoe era, which was already, like, ancient history.
- ▶ 13:34 David Rosenthal So if you know Chuck Taylor All-Stars, you know the famous seminal Converse shoes.
- ▶ 2:18:45 David Rosenthal They were both signed with Converse.
- ▶ 2:19:25 Ben Gilbert Converse has too many stars to go all around signing these, A, you get some of the upside deals.
- ▶ 2:19:35 Ben Gilbert If Converse is gonna do this, or Adidas is gonna do this, they actually do have quite a bit to lose by giving away upside.
- ▶ 2:50:47 Ben Gilbert In 2003, they acquire Converse for three hundred and nine million dollars.
- ▶ 2:50:53 Ben Gilbert They're once foe, and you know, now Nike's in the multi-billion dollar market cap, and Converse is a tiny fraction of that size.
- ▶ 2:53:51 Ben Gilbert They bought Converse.
- ▶ 3:08:41 Ben Gilbert Yes, after that is Skechers, then Puma, then Asics, Converse, Under Armour, but like, massively declining market share curve.
- ▶ 3:10:19 David Rosenthal It's not just that Nike is paying LeBron a check every year for a lot of money, like Converse was back in the day.
- ▶ 3:21:18 Ben Gilbert So there's some other revenue in there, Converse, and I think there's some other catch-all, but basically there's Nike and Converse, and Nike includes Jordan.