"""1908–1940: Early years

Founded in 1908 by Marquis Mills Converse in Malden, Massachusetts, Converse Rubber Shoe Company started by making rubber shoes, galoshes, and tennis shoes. The iconic Converse All-Star basketball shoe was introduced in 1917 and gained popularity during World War I.

1941–2001: War, rise, and bankruptcy

During World War II, Converse shifted to producing military footwear and gear. After the war, they focused on athletic shoes, especially the high-top All-Star. Chuck Taylor, a basketball player, joined Converse in 1932 and became the face of the brand, leading to his name being added to the All-Star shoe. Converse faced financial troubles in 1929 and was later sold to the Stone Family in 1939. In the 1970s, Converse diversified into sporting goods and acquired PF Flyers. By the 1980s, competition grew, and Converse struggled, leading to bankruptcy in 2001 and closure of U.S. manufacturing plants.

2002–present: Acquisition by Nike and new headquarters

Nike acquired Converse in 2003, revitalizing the brand. In 2013, Converse moved its headquarters to Boston and expanded facilities with a music studio, gym, and retail store. Jared Carver became CEO in May 2023.

This summary covers Converse's journey from its founding to its acquisition by Nike and its recent developments."""