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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 ...

(Reuters) - Nike Inc is selling its Cole Haan handbag and shoe brand to private equity firm Apax Partners for $570 million, nearly 24 years after buying it, the company said on Friday. Nike, which is ...