Nike sells Cole Haan to focus on other brands

Cole Haan has stores around the US and further afield.

Sportwear giant Nike has sold its US-based high-end footwear and accessories producer Cole Haan. Private equity firm Apax Partners has reportedly paid $570 million (£358 million) to gain control of Cole Haan.

According to Nike Chief Executive Mark Parker, the decision to dispose of Cole Haan allows Nike to sharpen its focus on opportunities with the highest potential for strong returns, and to make sure the brands within the Nike portfolio are the most complementary to the Nike brand.

Established in 1928, Cole Haan sells its products through department stores, branded shops and online.

Publishing Data

This article was originally published on page 2 of the January 2013 issue of SATRA Bulletin.

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