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Nike, Inc. To Divest of Cole Haan and Umbro Brands

May 31st 2012 | 107 comments

words // Brennan Hiro Williams

Earlier today, Nike Inc. announced its plans to divest of its Cole Haan and Umbro subsidiaries, sharpening its focus on the NIKE, Jordan, Converse and Hurley Brands. The planned divestitures mark the companies first in four years (Bauer Hockey being the last). 

“We see tremendous opportunity to accelerate profitable growth around the world by continuing to deliver innovation and inspire consumers through the NIKE brand.” said Mark Parker, Nike, Inc. President & CEO. “Divesting of Umbro and Cole Haan 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.”

Cole Haan was acquired by Nike, Inc., in 1988 for $80 million, while Umbro was purchased in 2008 for $565 million. Nike hopes to sell both brands by the end of May 2013, when the company's fiscal year concludes. 

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solecollecting
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Months ago | 2nd July 2012 14:21
just really don't care
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tigger830
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Months ago | 12th June 2012 05:50
What the Fuck ever Just keep makin the kicks we want already
Yeah Dick I wear all my shit
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bandiit_gfk
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Months ago | 10th June 2012 20:36
negrera:
Dwightwhite78:
maybe jordans will be made with better quality now


lol...nah


Some people want it to happen, some wish it would happen, others make it happen... Michael Jordan!!!
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negrera
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Months ago | 8th June 2012 14:00
Dwightwhite78:
maybe jordans will be made with better quality now


lol...nah

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kshinn
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Months ago | 5th June 2012 21:31
haan and umbro waste of time
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Houston12
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Months ago | 4th June 2012 09:30
Interesting
"When all is said and done, more is always said then done."
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MrHAAANZ
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Months ago | 3rd June 2012 19:05
Great.
Pick Ups 12-23-10 to 9/23/12
http://solecollector.com/forums/NO-HYPE-12-23-10-till-Present-UPDATE-9-23-12-Follow-on-Instagram-i-am-w/75:4:1126177/

Instagram: i_am_w
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LocalShoehead510
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Months ago | 3rd June 2012 02:55
pass
Based

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Don Vito84
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Months ago | 2nd June 2012 01:08
Quikaveli:
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pronto:
SwooshMan12:
manifresh:
hopefully this gives nike more time to hopefully be more creative instead of just re releasing old classics










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Tablo.
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Months ago | 1st June 2012 22:06
Fueqo:
Rell115:
interesting




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Dwightwhite78
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Months ago | 1st June 2012 18:30
maybe jordans will be made with better quality now
WARNING Jxb2011 is a scammer!
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cpiercew24
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Months ago | 1st June 2012 17:24
Nike Air Kwame:
Shouldn't have parted with Cole Haan. Those Lunar Grands were nice and had a lot of potential for future versions.

Definitely. The lunar grands were one of the craziest shoes so far this year, merging comfort with a more luxury appeal. Wonder if cole haan will be able to continue using nike air technology.
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just really don't care
What the Fuck ever Just keep makin the kicks we want already
[quote="negrera"][quote="Dwightwhite78"]maybe jordans will be made with better quality now[/quote] lol...nah[/quote]
[quote="Dwightwhite78"]maybe jordans will be made with better quality now[/quote] lol...nah
haan and umbro waste of time
Interesting
Great.
pass
[quote="Quikaveli"][quote="absoLOUt"][quote="pronto"][quote="SwooshMan12"][quote="manifresh"]hopefully this gives nike more time to hopefully be more creative instead of just re releasing old classics[/quote] [/quote] [/quote] [/quote] [/quote]
[quote="Fueqo"][quote="Rell115"]interesting [/quote] [/quote]
maybe jordans will be made with better quality now
[quote="Nike Air Kwame"]Shouldn't have parted with Cole Haan. Those Lunar Grands were nice and had a lot of potential for future versions.[/quote] Definitely. The lunar grands were one of the craziest shoes so far this year, merging comfort with a more luxury appeal. Wonder if cole haan will be able to continue using nike air technology.
Shouldn't have parted with Cole Haan. Those Lunar Grands were nice and had a lot of potential for future versions.
A Bit Interesting..
[quote="Rell115"]interesting [/quote]