NIKE, Inc. have announced that it has reached a definitive agreement to sell its Umbro affiliate brand to Iconix Brand Group, Inc. (NASDAQ:ICON) for $225 million. The transaction is expected to be complete by the end of 2012. NIKE, Inc. had announced its intention to divest of Umbro and Cole Haan to sharpen its focus…

Following a statement made regarding Lance Armstrong’s Alleged $500,000 Cover-Up, Nike have decided to terminate the former athlete’s contract. Having been one of the leading names to collaborate with Nike over the past decade this makes for notable news, and below is the statement regarding the reasons. Due to the seemingly insurmountable evidence that Lance Armstrong…

Arguably one of the nicer release from Nike in recent months, the vintage Nike Epic gets a welcome makeover with the addition of a Lunar sole. The resulting sneaker is named the Epic VTGE Lunar NRG and is basically an amalgamation of everything good about Nike’s vintage releases but with the comfort and performance enhancement of…