Nike Could Be One Step Closer to Converse Sale as Swoosh Reveals $300 Million in Restructuring Costs

Nike sparked more speculation about a Converse sale on Thursday evening when the Swoosh issued its latest 8-K filing with the Securities and Exchange Commission (SEC). In the new regulatory filing, Nike said the company’s management approved a plan to implement certain organizational changes, which together with previously approved actions, are expected to result in pre-tax charges of approximately $300 million for the nine months ended Feb. 28. More from WWD Nike stated in the filing that the charges w ...