Nike Completes Sale of Cole Haan
February 04, 2013
Beaverton, Ore.-based Nike Inc. has completed the sale of its Cole Haan affiliate brand. On May 31, 2012, Nike announced its plans to sell Umbro and Cole Haan in order to focus on driving growth of its Nike, Jordan, Converse and Hurley brands. The company completed the sale of the Umbro brand to Iconix Brand Group on Oct. 24, 2012, and has now sold Cole Haan to Apax Partners LLP for $570 million.