Share this article with friends Share

Nike Announces Sale of Cole Haan for $570 Million USD

Following its divestment of Umbro this October, Nike has announced the sale of subsidiary Cole Haan to Apax Partners for $570 million USD. Due to be complete in the early months of 2013, Nike first announced its plan to offload the American fashion label earlier this year as it looks to further develop the likes of Jordan Brand, Converse and Hurley. Nike President and CEO Mark Parker stated, “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 within the Nike, Inc. portfolio are the most complementary to the Nike brand.”

Read Full Article

What to Read Next

CLSC 2012 Holiday Delivery 1 Lookbook
Don Rogerson's Kickstarter Answers How Manhattan Street Names Like the Dirty Lane or the Golden Hill Came To Be
adidas D Rose 3 "Brenda"
Ksubi Eyewear 2013 Spring/Summer Collection
Subcrew x New Era 2012 Fall/Winter Apparel Collection
Zola Jesus - Diamonds (Rihanna Cover)
Load More