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