- May 31st, 2012, 8:26 pm
#392269
http://www.bloomberg.com/news/2012-05-3 ... deals.html
Nike’s Plan To Sell Umbro Continues Mixed Record On DealsMeans nothing to anyone else, but this is going to turn my work upside down.
Nike Inc. (NKE), the world’s largest athletic-shoe maker, is selling the Umbro and Cole Haan brands after failing to turn the acquisitions into growth machines.
The transactions are expected to be completed within a year, the Beaverton, Oregon-based company said today in a statement. Nike acquired Umbro, the U.K.-based soccer-apparel and footwear brand, in 2008 for $567 million.