The Apax Partners group has finally completed the acquisition of Cole Haan, previously owned by Nike Inc..
After the $570 billion acquisition was completed John Mergue CEO of Apax Partners U.S. said to the media that " Cole Haan is an iconic brand, and we look forward to working together in support of its continued expansion.
The leading of the brand will now be in charge of Jack Boys, former CEO of Converse who joined the team after Apax deal. Jack Boys said about the brand: "I'm thrilled to work with the Cole Haan team to build on the brand's incredible legacy". "From the time Trafton Cole and Eddie Haan launched the business 85 years ago, Cole Haan has established a history of outstanding craftmanship, innovative design and exceptional quality. Now, as an independent company, we have an exciting opportnity to expand upon the Cole Haan tradition, deliver new, consumer-driven products and grow as a lifestyle brand with a global footprint".