×
161
Fashion Jobs
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
DA MILANO LEATHERS PRIVATE LIMITED
Assistant Manager- Payroll
Permanent · DELHI
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · BENGALURU
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · DELHI
KOELLE DESIGNS PRIVATE LIMITED
Assistant Manager Purchase
Permanent · JAIPUR
CAREERMARK 6
HR Manager
Permanent · HIRIYUR
LINEN DESIGN COMPANY PVT.LTD
Senior Corporate Sales Manager
Permanent · GURUGRAM
UNITED HR SOLUTIONS PVT LTD
Business Development
Permanent · AHMEDABAD
AND DESIGNS INDIA LTD.
Buyer & Planner
Permanent · NAVI MUMBAI
GREENFIELD RESOURCES PVT. LTD.
Business Development Executive
Permanent · AHMEDABAD
GENIUS CONSULTANTS LIMITED
Head of Department - Cost Accountant
Permanent · KOLKATA
LIFESTYLE BRANDS
Brand Training Manager, Peter England - Bangalore
Permanent · BENGALURU
PLACEMENT PANDITS CONSULTING
Operations Manager-Garment Industry
Permanent · GURUGRAM
LIFESTYLE BRANDS
Area Sales Manager-Patna
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Assistant Manager- Design, Casuals- pe
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU

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.