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LINDSEY VONN
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Downhill skier Lindsay Vonn

Nike to Divest Cole Haan & Umbro Brands

Thursday, 31 May 2012 | 11:05 AM ET

CNBC's Darren Rovell reports Nike is beginning the process of divesting itself from the Cole Haan and Umbro brands to focus on its core brands, Jordan, Converse and Hurley.