Nike (NKE) to Sell Cole Haan Line in $570M Deal
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Nike Inc. (NYSE: NKE) has reached a definitive agreement to sell its Cole Haan affiliate brand to Apax Partners for $570 million. The transaction is expected to be complete in early 2013.
On May 31, 2012, NIKE, Inc. announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands. The sale of the Umbro brand to Iconix Brand Group was announced on October 24th.
On May 31, 2012, NIKE, Inc. announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands. The sale of the Umbro brand to Iconix Brand Group was announced on October 24th.
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