×
523
Fashion Jobs
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
TOO FACED
Too Faced Business Manager - Boots Brentwood, UK
Permanent · BRENTWOOD

Nike close to selling Cole Haan to Apax

By
Reuters
Published
today Nov 6, 2012
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

NEW YORK - Nike Inc is in final negotiations to sell its Cole Haan handbag and shoe brand to private equity firm Apax Partners, in a deal that could fetch around $500 million, according to three people familiar with the matter.

Apax has prevailed over other private equity firms including TPG Capital Management and Berkshire Partners in the auction for Cole Haan, which sells footwear, clothing and leather handbags, the people said on Monday.


Cole Haan will soon become part of Apax Partners private equity firm (photo: Cole Haan)

London-based Apax has teamed up with former Converse Chief Executive Jack Boys to help run Cole Haan after a takeover, two of the people said.

The sale would come roughly 24 years after Nike acquired Cole Haan for $80 million, as the world's biggest athletic shoe and clothing maker seeks to focus on its namesake brand, as well as Jordan, Converse and Hurley.

Founded by Trafton Cole and Eddie Haan in 1928, the fashion label operates flagship stores in major U.S. cities and also sells its products at department stores and other retailers.

Nike said in May it was looking to sell Cole Haan and soccer gear unit Umbro and announced a $225 million deal last month to sell Umbro to Iconix Brand Group Inc. Nike hired Goldman Sachs Group Inc to assist with the auction, sources previously told Reuters.

The people asked not to be identified because details of the auction are not public. Representatives for Nike and Berkshire Partners did not immediately respond to requests for comment. Apax and TPG declined to comment.

Cole Haan is among several footwear companies that have gone on the auction block over the past year.

In May, footwear retailer Collective Brands Inc was purchased by a consortium including Wolverine Worldwide Inc , Blum Capital Partners and Golden Gate Capital for about $1.32 billion.

Family-owned footwear brand Doc Martens also explored a sale of the company, although the discussions ended earlier this summer.

© Thomson Reuters 2020 All rights reserved.