"Sale" of brands
Nike will sell subsidiary brands
Nike has announced its intention to spin off its two wholly owned subsidiaries, Cole Haan and Umbro, in order to focus more on driving growth for Nike, Jordan, Converse and Hurley. “We see tremendous opportunity to drive profitable growth worldwide by continuing to bring innovative products to market and inspire customers with Nike brands,” said Mark Parker, president and CEO of Nike. “We also see significant potential in the Jordan, Converse and Hurley brands, which are gaining consumer attention to complement the Nike brand. The Umbro and Cole Haan spin-off will allow us to focus resources on the opportunities with the greatest potential for Nike so that we can continue to build sustainable, profitable growth for our shareholders, ”said Mr. Parker. Cole Haan brand specializing in casual and fashion leather shoes and bags was acquired by NIKE, Inc. in 1988. The company is headquartered in New York. Umbro is a specialized football brand headquartered in Manchester, UK. It was acquired by NIKE, Inc. in 2008. The separation process of these two companies will begin immediately and should be completed by the end of the 2013 fiscal year of NIKE, Interfax.ru reports.
Nike has announced its intention to spin off its two wholly owned subsidiaries, Cole Haan and Umbro, in order to focus more on driving growth for Nike, Jordan, Converse and Hurley. “We see tremendous opportunity to drive profitable growth worldwide by continuing to bring innovative products to market and inspire customers with Nike brands,” said Mark Parker, president and CEO of Nike. “We also see significant potential in the Jordan, Converse and Hurley brands, which are gaining consumer attention to complement the Nike brand. The Umbro and Cole Haan spin-off will allow us to focus resources on the opportunities with the greatest potential for Nike so that we can continue to build sustainable, profitable growth for our shareholders, ”said Mr. Parker. Cole Haan brand specializing in casual and fashion leather shoes and bags was acquired by NIKE, Inc. in 1988. The company is headquartered in New York. Umbro is a specialized football brand headquartered in Manchester, UK. It was acquired by NIKE, Inc. in 2008. The separation process of these two companies will begin immediately and should be completed by the end of the 2013 fiscal year of NIKE, Interfax.ru reports.
Nike will sell subsidiary brands Nike has announced its intention to separate its two wholly owned subsidiaries Cole Haan and Umbro in order to focus more on ...
The turnover of counterfeit branded sneakers in Russia exceeds 40 billion rubles.
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Tamaris SS26 Collection
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PETER KAISER - the best brand of 2025!
"CAPRICE Schuhproduktion GmbH has received a certificate for awarding PETER KAISER the title of "Top Brand 2025".
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We form the salary of sellers: expert advice
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The whole truth about Bayer. Who is he and how to become one?
Bayer is no longer a new, but still a popular and sought-after profession. It’s fashionable to be a buyer. Buyers are at the origins of the emergence and development of trends. If the designer offers his vision of fashion in the season, then the buyer selects the most interesting commercial ideas. It is on buyers that the policy of sales of stores and what, in the end, the buyer will wear depends on. This profession is surrounded by a magical fleur, often associated with a lack of understanding of what exactly is the work of a buyer.
Technology Selling Issues
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Fur, and not only: types of lining
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The best models of Czech shoes of the past
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Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
