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

|About: Nike Inc. (NKE)|By:, SA News Editor

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)