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- DangerDoom
- Calculon
- From: Sydney
- Joined: Aug 07
nike sells cole haahn
Nike -
Beaverton, Ore., (November 16, 2012) – NIKE, Inc. (NYSE:NKE) announced today it 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.
“The decision to divest of Cole Haan allows us to sharpen our focus on opportunities with the highest potential for strong returns, and to make sure the brands within the NIKE, Inc. portfolio are the most complementary to the NIKE Brand,
Last edited by DangerDoom (15 months ago)
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| 15 months ago |
- DangerDoom
- Calculon
- From: Sydney
- Joined: Aug 07
Re: nike sells cole haahn
,
Last edited by DangerDoom (15 months ago)
Offline
| 15 months ago |
- DangerDoom
- Calculon
- From: Sydney
- Joined: Aug 07
Re: nike sells cole haahn
fvck this shit
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| 15 months ago |
- minhyy
- Moon Safari
- From: Sydney
- Joined: Apr 09
Re: nike sells cole haahn
Ah yeah heard about that happening for a while
Will they still be collabing with Nike for the Lunargrand stuff, or will it be regular dress shoes?
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| 15 months ago |
- shooster
- extra
- From: wild west
- Joined: Jun 08
Re: nike sells cole haahn
Why the anger? As much as I think the lunargrands to be cool, Nike just thought rather have a brand take claim to that, they just make a similarly different model to that WITHIN nike... Not sure how well the shoes sold(though I'm convinced the forum likes the shoe in general) and in apax, with brands like tommy and phillip van heusen, it feels more at home? And for $570 mill, not such a bad trade, seeing as Nike can just innovate a version of the lunargrand into their design rather than mash up 2 different footwear brands.
Nike got greedy I guess and don't want to split profits or part with its technologies with other brands.
My 2 cents
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| 15 months ago |
- DangerDoom
- Calculon
- From: Sydney
- Joined: Aug 07
Re: nike sells cole haahn
anger cause the site wouldnt take everything i pasted, after numerous attempts...
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| 15 months ago |
- fired
- yeeeeeaaaa brrrrrraaaaa
- From: SYD
- Joined: Jun 10
Re: nike sells cole haahn
The lunargrand was only a very small part of the Nike/Cole Haan relationship. Almost all Cole Haan gear has Zoom Air, including the women's collections.
It's going to be interesting to see what happens from this point. Will they license the technology or will it be scrapped altogether??
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| 15 months ago |
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