Nike Inc. is nearing an agreement to sell its Cole Haan brand, according to multiple reports pegging private equity firm Apax Partners as the winning bidder.

Should the sale be announced in the next week as expected, it would conclude an auction process that began six months ago when Nike revealed plans to streamline its product offerings. Among the units being shopped to buyers were Umbro, a maker of soccer-related products that was sold to Iconix Brand Group Inc. (Nasdaq: ICON) for $225 million in October, and Cole Haan, a maker of footwear, clothing and leather handbags.

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