Nike Inc. has signed a $570 million agreement to sell Cole Haan to private equity firm Apax Partners.
The sneaker giant bought Cole Haan for $95 million in cash and debt in 1988, but wanted to divest the business, along with Umbro, to focus on its core Nike, Jordan, Converse and Hurley brands. Iconix Brand Group Inc. agreed to buy Umbro for $225 million last month.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"