Luxury leather shoe brand to float on stock exchan - footwearbiz: Lead

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Luxury leather shoe brand to float on stock exchange

18/02/2020
US-based leather shoe brand Cole Haan has filed for an initial public offering (IPO) on the NASDAQ stock exchange.

It is owned by private equity firm Apax Partners, which bought it from Nike in 2013.

At the time, shoe companies were seen as attractive targets for private equity firms. Bruno Magli, Sergio Rossi and Kurt Geiger were among those that were snapped up.

In 2017, Cole Haan signed a deal with a subsidiary of Hong Kong-based Sitoy Group to distribute its products in Greater China.

Cole Haan reported a 14% rise in revenue last year to $687 million.

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