An Overview Summary of NIKE (NKE)
NIKE, inc. is a household brand name athletic footwear, apparel, equipment, and accessories company. NIKE focuses on eight key categories including Running, Basketball, Soccer, Men's Training, Women's Training, Action Sports, Sportswear and Golf.
What you may not already know is that NIKE also owns Hurley, Converse, and of course Brand Jordan. In late 2012, NIKE sold off their stake in Cole Haan to a private equity firm in Apax Partners for $570 million. Sales of Cole Haan only represented 2% of NIKE's overall revenue. In early 2013, NIKE also announced the sale of the Umbro brand to Iconix Brand Group for $225 million.