Bloomberg News

WILMINGTON, Del. — Converse Inc., the sneaker manufacturer said Monday that it has filed for Chapter 11 bankruptcy protection.

Converse said in November that it had defaulted on $168 million of loans, and several banks could still have exposure to the sneaker company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.