Originally posted by Venerable Bede:
so now that nike bought converse, what's gonna happen to ye olde chuck taylor's??? is nike gonna keep select converse styles around just because they say "converse"?
Yep. Nike bought Converse solely for the Chuck Taylors (and one other retro line of shoes), which Reebok made a bid for when Converse first filed for bankruptcy in 2001. The bid was turned down because converse wanted all or nothing. Nike intends to keep selling them as "One Star brand" for now.
Interstingly enough, I heard that converse also has a Registered Trademark in "King James" which would fit well with Nike's new contract man - Lebron James.