Nike made an announcement today to inform the company's plan to divest Cole Haan and Umbro from under its umbrella. This news comes as a surprise, especially with Cole Haan Lunargrand’s selling like hot cakes and the success of Umbro’s sick collab with Palace Skateboards. Nike will put more focus on its other brands, which include Jordan, Converse, and Hurley brands. It will be interesting to see where Cole Haan and Umbro go from here. Time to stock up on the brands' last Nike made pieces before they are all gone. [highsnobiety]

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