Rieker
"Sale" of brands
04.06.2012 2579

"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 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 ...
5
1
Rating

Latest News

H&M closed all stores in Russia

The Swedish chain H&M has finally curtailed its work in Russia. 172 shops were closed. New stores of Melon Fashion Group (Zarina, befree, Love Republic), Lime, Snow Queen, Turkish…
06.12.2022 231

Portugal will direct 600 million euros to the development of the footwear industry in the next 8 years

The Portuguese Association of Manufacturers of Footwear, Components and Leather Goods (APICCAPS) has presented a new Strategic Plan for the development of the footwear sector until 2030, writes…
06.12.2022 210

MICAM organized a promotional tour in December

The Italian International Footwear Fair MICAM will hold three teaser events in Berlin, Seoul and Brussels in December to anticipate the upcoming event scheduled for February 2023.
05.12.2022 219

Export of leather and footwear products to Russia from Uzbekistan in 2022 increased by 61%

According to the Uzcharmsanoat association, over the year, exports of leather and footwear products from Uzbekistan to Russia increased by 61% and reached $82,5 million in 2022. And next year, the association predicts an increase in exports of these products to Russia to…
05.12.2022 319

Camper launches regenerative wool Wabi slippers

Spanish brand Camper celebrated the 22nd anniversary of its Wabi slippers with a limited edition collection of regenerative wool slippers made in Mallorca.
05.12.2022 278
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning