Nike sells Cole Haan in

Nike sells Cole Haan in
Nike sells Cole Haan in $570million deal
Nike is selling its Cole Haan brand to private equity firm Apax Partners for $570 million. The sneakers,[link widoczny dla zalogowanych], clothing and sports gear maker said in May that it wanted to sell the leather shoe division and its Umbro soccer jersey brand as part of its plan to cut costs and focus on its core brands: Nike,[link widoczny dla zalogowanych], Jordan,[link widoczny dla zalogowanych], Converse and Hurley. The Cole Haan deal completes Nike's plan. Last month it Nike the sale of Umbro to clothing licensing company Iconix Brand Group for $225 million. Nike had bought Umbro in 2008 for $582 million. Nike acquired Cole Haan in 1998 in a deal then worth $95 million. Cole Haan traces its roots to Chicago in 1928, when it was making flapperfriendly leather shoes.
Nike is selling its Cole Haan brand to private equity firm Apax Partners for $570 million. The sneakers,[link widoczny dla zalogowanych], clothing and sports gear maker said in May that it wanted to sell the leather shoe division and its Umbro soccer jersey brand as part of its plan to cut costs and focus on its core brands: Nike,[link widoczny dla zalogowanych], Jordan,[link widoczny dla zalogowanych], Converse and Hurley. The Cole Haan deal completes Nike's plan. Last month it Nike the sale of Umbro to clothing licensing company Iconix Brand Group for $225 million. Nike had bought Umbro in 2008 for $582 million. Nike acquired Cole Haan in 1998 in a deal then worth $95 million. Cole Haan traces its roots to Chicago in 1928, when it was making flapperfriendly leather shoes.
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[link widoczny dla zalogowanych]

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