Umbro and Cole Hann for sale

Nike, after purchasing the Manchester based football brand four years ago, have confirmed their intention to sell Umbro with the aim of completing the sales by the end of their financial year (May 31, 2013).

Following the announcement on Thursday, Nike also stated that they will be looking for a buyer for New York based Cole Hann brand, which in addition to the sale of Umbro, will allow them to focus more on their own brand alongside Jordan, Hurley and Converse.