U.S. Markets closed

Nike begins Cole Haan, Umbro sales process, Reuters reports

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.