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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 522 |
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Converse found themselves to be no longer in the official shoe of the National Basketball Association, a title they had relished for many years. This loss of market share, combined with poor business decisions forced Converse to file for bankruptcy on January 22, 2001. When the company subsequently changed hands that year, the last factory in the United States was closed...
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This loss of market share, combined with poor business decisions forced Converse to file for bankruptcy on January 22, 2001. When the company subsequently changed hands that year, the last factory in the United States was closed. Thereafter, manufacturing for the American market was no longer performed in the United States, but instead in a number of Asian and European countries, including China, Indonesia, Italy, Lithuania and Vietnam...
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