- Kristopher Fraser
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CNBC has reported that Cole Haan is preparing for an initial public
offering. Currently, Cole Haan is owned by private equity firm Apex
Partners, which bought Cole Haan from Nike in 2013.
“Our management team is confident in the opportunities we have created for
the Cole Haan brand and our business globally,” CEO Jack Boys said in an
emailed statement to CNBC. “Based on the momentum we have generated in the
business and the opportunities we believe are before Cole Haan, we have
determined that now is the time to prepare for an initial public offering
of the company’s shares.”
Once known for their classic dress shoes, Cole Haan has expanded their
customer base through more athletic offerings including sneakers and
slip-ons. Unlike many other companies, who are concerned over Donald
Trump’s tariffs on Chinese imported goods, the majority of Cole Haan’s
manufacturing is done in India and Vietnam.
Very few footwear companies are traded on the U.S. Stock Exchange, making
Cole Haan a very handsome investment to potential investors looking to
diversify their portfolio. The company’s sales climbed 8 percent to 647
million dollars last year.
