An Bai Shen Is Close To 500 Million US Dollars To Acquire Nike Cole Haan Brand.

Beijing time on November 6th morning, according to foreign reports, the world's largest sport shoes and clothing Manufacturer Nike The company has entered the final stage of negotiations, and intends to sell its brand Cole Haan for $500 million to Apax Partners, a private equity firm.

According to reports, during the bidding process of Cole Haan, the company successfully took advantage of private equity organizations such as TPG Capital Management and Berkshire Partners in Dezhou Pacific Group. Nike hired Goldman Sachs to assist in the bid.

People familiar with the matter said Apax Partners Converse CEO CEO Jack Boys has been joined by CONVERSE (Haan) to manage Cole Haan after taking over. The sale was compared with Nike's acquisition of Cole Haan for $24 for 24 years. Nike is seeking to focus on the same brand, as well as Jordan, CONVERSE and Hurley.

Cole Haan mainly sells shoes. clothes And leather bags, founded in 1928 by Trafton Cole and Eddie Haan, have flagship stores in major US cities, and also sell products through department stores and other retailers.

Nike said in May that it plans to sell its Cole Haan and UMBRO (Umbro) brand and announced last month that it would sell UMBRO to the Iconix Brand Group Inc for 225 million US dollars.

Representatives of Nike and Berkshire partners did not respond to requests for comment.

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　　 Cole Haan fashion brand Founded in 1928 in Chicago, Illinois,.1928, Trafton Cole and Eddie Haan jointly designed the first Cole Haan shoe. In Chicago, in the era of jazz popularity, quality decides everything, just like jazz's tone, Cole Haan's shoes are equally smooth and slippery. In 1988, Cole Haan was acquired by Nike and became the brand of Nike.

The company name comes from its founder Trafton Cole and Eddie Haan. Cole Haan originally only made men's shoes, but later, like most fashion brands, it began to expand into women's shoes, bags, coats and other accessories. Nowadays, Cole Haan has become the brand symbol of the American fashion trend. Whether it's men's shoes, handbags, personal Leatherwear Products or hand-made coats, each quarter has a high quality style. In order to create good things, Cole Haan can always be inspired and reformed and innovating from the perfect combination of solid technology and modern technology. Today, the company offers a wide range of products, including men's and women's clothing and casual shoes, belts, knitwear, handbags, gloves and scarves. Hat Underwear and sunglasses. The location and price of Cole Haan in the US are roughly the same as that of Coach, Kate Spade and Dooney&Bourke, but the brand history is a bit longer.

As a wholly owned subsidiary of Nike, Cole Haan is headquartered in the city of Maine, and its design center is located in New York.

The flagship store is located in several cities in the United States and Tokyo, Japan.

Cole Haan products are also sold in high-end retail outlets, such as Lord & Taylor and Nordstrom department stores.

Nowadays, Cole Haan has become the brand symbol of the American fashion trend. Whether it is men's shoes, handbags, personal leather products or hand-made tailored coats, there is a high quality design in every quarter. In order to create good things, Cole Haan can always be inspired and reformed and innovating from the perfect combination of solid technology and modern technology.