NIKE in May 2012 announced its intention to sell Cole Haan (along with its soccer shoe subsidiary Umbro) to better focus on growing its athletic shoe brands. The sale is expected to be completed by the end of 2012. The high-end handbag and shoe maker is estimated to be worth about $500 million. (NIKE acquired Cole Haan in 1988 for about $80 million with the assumption of $15 million in debt.) The brand is reported to be unprofitable. Private equity firms TPG Capital Management and Apax Partners are among several bidders reportedly interested in acquiring Cole Haan.
Cole Haan also serves the fashion-conscious outside the US. The company is looking to expand its global footprint by opening stores in China and Europe to offset declines in Japan. The retailer has opened shops in Dubai, Singapore, Hong Kong, and Macau.
Classic, comfortable and always on point, a hand-sewn driving flat features a fully padded footbed and a nubby rubber sole, and is offered in a variety of distinctive designs. Leather, suede, nubuck or genuine calf hair (Brazil) upper/leather lining/rubber sole. By Cole Haan; imported. Women's Shoes. Helpful info: Shoe Fit ...