• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Nike intends to divest Cole Haan & Umbro

01 Jun '12
2 min read

Nike Inc. announced its intention to divest of two of its wholly-owned affiliate brands - Cole Haan and Umbro - to sharpen its focus on driving growth in the Nike, Jordan, Converse and Hurley brands.

“We see tremendous opportunity to accelerate profitable growth around the world by continuing to deliver innovation and inspire consumers through the Nike brand.” said Mark Parker, President & CEO of Nike, Inc. “We also see significant potential in Jordan, Converse and Hurley, which have unique consumer relationships that complement the Nike Brand.”

“Divesting of Umbro and Cole Haan will allow us to focus our resources on the highest-potential opportunities for Nike, Inc. to continue to drive sustainable, profitable growth for our shareholders.”

Cole Haan, which specializes in casual and dress leather footwear and bags, was acquired by Nike, Inc. in 1988. The company is based in New York. Umbro is a football (soccer) specialist brand based in Manchester, UK, acquired by Nike, Inc. in 2008.

The process of divesting of these two businesses will begin immediately, and is expected to be complete by the end of Nike, Inc.'s fiscal 2013 (May 31, 2013).

Nike Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.

Nike inc

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search