[UPDATE] April 25, 2018 10.27 a.m. EST: Nike has confirmed that Cahn left the company in February to join Supreme. Read our original piece below, 

Converse's Chief Marketing Officier Julien Cahn has moved to Supreme, Bloomberg reports. Cahn previously was a senior marketing director at Nike before going to work on the Converse brand in 2016.

Cahn's replacement is Sophie Bambuck, who was previously the senior brand director for Nike Sportswear in Europe, the Middle East and Africa.

Cahn has been a fixture on the streetwear scene for over a decade now, having founded the Parisian communication agency La MJC in 2001, alongside Michael Dupouy. The influential agency covers eCommerce, event design and artistic direction for brands including colette, Vans, Levi's and Nike.

Cahn's appointment is the latest high profile business move for Supreme. Last year, the Carlyle Group purchased a minority stake in the brand, while earlier in the year the brand's longtime Brand Director Angelo Baque exited the company.

We reached out to Supreme for comment. Stay posted for further updates.

In other business news, Chanel and Versace ranked among the least transparent brands for workers rights.

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