Nike Sells Cole Haan for $570 Million
Nov 18, 2012 | 5:15 AM Written By: shaun
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In a statement made earlier today, November 16th, Nike announced that they have sold their brand affiliate Cole Haan for $570 million to Apax Partners after reaching a definitive agreement with the parties. Back in May of this year, there were discussions regarding this outcome and now it has been announced with the deal to be officially completed in 2013.
Nike's President & CEO Mark Parker made a statement.
"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."
What are your thoughts on Cole Haan's departure from Nike, Inc.?
Previous Comments
REPLY
abwing98 11/20/2012 7:42 pm
never liked cole haan. good riddens though
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Sneakerfiend 11/16/2012 4:30 pm
Those kicks were out of my price range anyways.
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SoleObsessed REPLIED 11/16/2012 5:30 pm
yOU Dont know about swag thats why
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MyKickGameBetter REPLIED 11/16/2012 5:06 pm
nobody was paying for those kicks anyway. they were all trash, in my opinion, maybe it's just not my style but they were way overpriced
