November 26, 2012, 10:29 AM

A private equity firm picks up Cole Haan from Nike

Apax Partners will pay $570 million for the shoe and accessories brand.

Lead Photo

Apax Partners, a private equity firm, will acquire the Cole Haan brand from Nike Inc. for $570 million in cash, the companies have announced. Cole Haan shoes and handbags are sold via, 176 Cole Haan retail stores and through other web and store retailers. The companies expect the deal to close early in 2013.

Nike announced earlier this year that it wanted to sell the Cole Haan brand. “The decision to divest of Cole Haan allows us to sharpen our focus on opportunities with the highest potential for strong returns, and to make sure the brands with the Nike Inc. portfolio are the most complementary to the Nike brand,” says Mark Parker, Nike president and CEO.

Nike, No. 72 in Internet Retailer’s Top 500 Guide bought Cole Haan in 1998. Nike is also closing a deal to sell its Umbro athletic wear brand to Iconix Brand Group Inc.

Apax Partners’ previous fashion investments include Tommy Hilfiger Corp., Calvin Klein and rue21 Inc. Jack Boys, who served as CEO of athletic shoe brand Converse from 2001 to 2009, will lead the Cole Haan brand.

comments powered by Disqus




From The IR Blog


Adrien Henni / E-Commerce

Italian luxury brand Furla launches online sales in Russia

Furla follows such European brands as H&M and L’Oreal into Russian e-commerce.


Meiry Vaknin / Mobile Commerce

E-retailers can engage mobile holiday shoppers with native ads

Native advertising is becoming more popular because of its strong performance, and easier to implement ...