Nike Inc plans to sell its Cole Haan and Umbro brands to focus on its core namesake, Jordan, Converse and Hurley brands, the company said on Thursday. Photo: NikeThe process will begin immediately and be complete by the end of May 2013, Nike said. In April, smaller rival German sportswear group Adidas said it plans to slash the number of products it offers by one-quarter to improve profitability. Beaverton, Oregon-based Nike is the top sportswear company in the world, and anticipates high
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