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Nike (NKE +1.7%) intends to sell its Cole Haan and Umbro brands "to sharpen its focus on driving...

Nike (NKE +1.7%) intends to sell its Cole Haan and Umbro brands "to sharpen its focus on driving growth in the Nike, Jordan, Converse and Hurley brands." Nike bought U.K.-based Umbro, which specializes in soccer, in 2008; the company acquired Cole Haan, a maker of casual and dress leather footwear and bags, in 1988. (PR)
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