‘Tremendous opportunities’ for Cole Haan, says Apax
07/02/2013
Apax, a private equity firm with over $35 billion in assets, agreed to the brand for $570 million last November.
Jack Boys, the incoming CEO, was at Converse for 10 years and previously worked as vice-president of global marketing for outdoor company The North Face.
"I am thrilled to work with the Cole Haan team to build on the brand's incredible legacy," he said. "From the time Trafton Cole and Eddie Haan launched the business 85 years ago, Cole Haan has established a history of outstanding craftsmanship, innovative design and exceptional quality."
Alex Pellegrini, a partner in Apax’s retail and consumer team, said: “We see tremendous opportunities for Cole Haan and are excited to partner with Jack Boys to take the business to the next level."
The company sells through department and standalone stores in the US, and through stores across Canada, China and Japan.
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