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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)