US: Nike to divest Cole Haan, Umbro
Nike president and CEO Mark Parker said the move 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."
It will begin the process of divesting the two businesses immediately, and expects the move to be complete by the end of Nike's 2013 fiscal year.
Nike acquired New York-based Cole Haan, which specialises in casual and dress leather footwear and bags, in 1998. Umbro is a football specialist brand based in Manchester, UK, which Nike acquired in 2008.
Nike has secured market leadership by spending on endorsements and innovative product development. Brand equity across its portfolio, but above all the Nike brand itself, is exceptional, underpinning ...
Top stories of the week include a look at the clothing and textile challenges that face Xi Jinping, the new leader of the Chinese Communist Party, accusations by Greenpeace that 20 leading fashion bra...
Twenty leading fashion brands are selling clothing contaminated with chemicals with hormone-disrupting or cancer-causing properties when released into the environment, according to Greenpeace Internat...
Sportswear retailer Foot Locker has unveiled a new store concept designed for women, featuring fit zones....
Adidas has welcomed a decision by the Nuremberg District Court to reject Nike's request for an injunction to stop Adidas making and selling its Primeknit shoe in Germany....
- Garment manufacturers eye Myanmar outsourcing
- PSF 2014: Shifting focus from cost to consumer
- PSF 2014: No one size fits all in apparel sourcing
- Mexico's shoe makers blame their woes on China
- Tesco takes second stab at US market with F&F
- Adidas China supplier in discussions over strike
- Bangladesh PM asks clothing buyers to pay more
- Jones CEO to depart as Sycamore splits business
- Workers strike at Adidas supplier shoe factory
- Banana Republic taps former J Crew designer
- Ethiopia – the emerging textile and clothing industry
- Antimicrobial fibres, fabrics and apparel: innovative weapons against infection
- Trade and trade policy: clothing imports, consumer expenditure and trends in five emerging markets: Brazil, Colombia, India, Kazakhstan and Peru, 4th quarter 2013
- Jeans in Italy
- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects