Nike Inc.NYSE
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  • Fri, Nov. 11, 9:56 AM
    | Fri, Nov. 11, 9:56 AM | 40 Comments
  • Jun. 25, 2015, 7:23 AM
    • Skechers (NYSE:SKX) is an attractive target for Nike (NYSE:NKE) or Adidas (OTCQX:ADDYY, OTCPK:ADDDF), according to the The Business of Fashion.
    • An acquisition would give either a company a stronger position in the growing fashionable walking shoe market.
    • Skechers trades at stretched-out valuation after doubling in share price this year.
    • SKX +101.9% YTD.
    | Jun. 25, 2015, 7:23 AM | 17 Comments
  • Nov. 14, 2013, 9:43 AM
    • Under Armour (UA +0.4%) announces it purchased fitness technology player MapMyFitness for $150M.
    • The company says the acquisition will help beef up its ability to offer cutting edge digital fitness products and platforms.
    • The deal is slated to close by the end of the year and won't impact Under Armour's previous guidance for 2013 or initial outlook on 2014 at this time.
    • What to watch: Under Armour still has a long way to go to catch up to Nike's (NKE +0.6%) formidable lead in fitness technology, but the MapMyFitness buy indicates it's not giving the swoosh a free ride in the growing category.
    | Nov. 14, 2013, 9:43 AM | 1 Comment
  • Oct. 24, 2012, 7:38 AM

    Nike (NKE) announces the sale of its Umbro affiliate brand to Iconix Brand Group (ICON) for $225M in a deal slated to be completed by the end of 2012. The sale was widely anticipated after the company announced last May its intention to divest the brand.

    | Oct. 24, 2012, 7:38 AM
  • May 31, 2012, 8:55 AM

    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)

    | May 31, 2012, 8:55 AM