Cole Haan to float on stock exchange
US-based footwear producer Cole Haan has filed for an initial public offering on the NASDAQ stock exchange. The company is owned by private equity firm Apax Partners, which acquired it from Nike in 2013. Cole Haan reported a 14 per cent increase in revenue during 2019 to $687 million (£529 million). Founders Trafton Cole and Eddie Haan began manufacturing men’s footwear in Chicago in 1928. Today, Cole Haan products include men’s and women’s dress and casual footwear, as well as bags, belts, gloves, hats, scarves, outerwear and sunglasses. In 2017, Cole Haan arranged for its products to be distributed in Greater China.
This article was originally published on page 2 of the April 2020 issue of SATRA Bulletin.