Authentic Brands eyed for Nike's Converse brand

Industry speculation suggests Authentic Brands Group is a potential suitor for Nike's Converse brand. While no official confirmation has been made, such a move could represent a significant acquisition in the footwear and apparel market. Authentic Brands has a history of acquiring and managing well-known consumer brands. The potential acquisition of Converse would align with their strategy of building a diverse portfolio of iconic labels.