Nike (NKE) has begun the sales process of its Cole Haan and Umbro units, and a number of parties have signed confidentiality agreements, Reuters reports, citing sources with knowledge of the auctions. Potential acquirers for Cole Haan could include Wolverine Worldwide (WWW), VF Corp. (VFC) and LVMH (LVMUY), while E-Land and Fila could be interested in Umbro, Reuters adds.
Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China …