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In 2013, Converse launched the Chuck Taylor All Star '70, which featured a build similar to the All Stars used for basketball that were built in the late 1960s and early 1970s. This retro model was different from the then-current Chuck Taylor All Stars, as various changes that happened to the All Star shoes over the intervening three decades.
In 1991, LJO Inc. acquired the brand. Despite the split and selling of both companies, Converse kept the rights of the Jack Purcell line of shoes from the PF Flyers acquisition. Rebranded with the Converse name, Jack Purcell sneakers are still produced today. In 2001, New Balance purchased PF Flyers and re-launched the brand in 2003. [1]
After Converse added Taylor's signature to the ankle patch they became known as Chuck Taylor All Stars. By the 1960s the company had captured about 70 to 80 percent of the basketball shoe market, but the shoe declined in popularity during the 1970s when basketball players wore competing brands.
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By the 1960s Converse had captured about 70 to 80 percent of the basketball shoe market before the company's sales declined. Beginning in the 1980s Converse All Stars enjoyed a comeback in popularity as casual footwear. [3] [24] Nike acquired Converse in 2003 and continues to market Chuck Taylor All Star shoes in mass merchandise outlets ...
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