Nike to sell Cole Haan brand to Apax Partners November 16, 2012 - 19:36 AMT PanARMENIAN.Net - Nike says it's reached a deal to sell its Cole Haan brand to private equity firm Apax Partners for $570 million, according to The Associated Press. The sneakers, clothing and sports gear maker said in May that it wanted to sell the leather shoe division and its Umbro soccer jersey brand as part of its plan to cut costs and focus on its core brands: Nike, Jordan, Converse and Hurley. Nike Inc. acquired Cole Haan in 1988, in a deal then worth about $95 million. The Beaverton, Ore., company last month announced the sale of Umbro to clothing licensing company Iconix Brand Group Inc. for $225 million. Nike shares are up $1.16, or 1.3 percent, to $91.99 just before the opening bell. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news Armenia gets highest status in combating human trafficking  Each year, governments need to demonstrate appreciable progress in combating trafficking to maintain a Tier 1 ranking.Singapore haze soars to hazardous levels Singapore's buildings have been obscured by the polluted air and the smell of burnt wood has permeated the city-state.Microsoft rumored to look into buying Nokia‘s handset business The price tag and market position concerns weren’t the only reason the talks fell through, says the sources, without additional details.Megaupload files deleted, Dotcom decries ‘largest data massacre’ "We were never warned about the deletion," Dotcom said, adding that the loss of the files had reduced him to tears. |
