Business news: Widening loss for Umbro and Cole Haan

While discussing its quarterly performance, the Nike group pointed to the contrasted performances of Cole Haan and Umbro, the two brands that it wants to divest. They jointly reached sales of $797 million for the fiscal year until the end of May, which was an increase of 7 percent, with $535 million generated by Cole Haan and $262 million by Umbro. However, the two brands jointly suffered a loss of $43 million before interest and tax, compared with a loss of $18 million for the previous fiscal year.

(by SGI Europe on Jun 29, 2012 • 09:36 through ispo newsblog)

Related  previous posts:  
-Nike Starts Umbro/Cole Haan Sales Process  
-British Media Report Sports Direct Interested in Umbro Bid  
-NIKE, Inc. to Divest of Cole Haan and Umbro to Focus on Accelerating Growth