Cole Haan

Founded in 1928- Cole Haan was sold and re-sold multiple times and is a leading retailer worldwide with a public listing.

Categories

Fashion and Textiles  
Retail and Consumer Goods  
Summary

Founded in 1928 by Trafton Cole and Eddie Haan, footwear brand Cole Haan was sold and re-sold multiple times and is today a leading retailer worldwide with a public listing. 


History

Founded in 1928, the company name comes from founders Trafton Cole and Eddie Haan, originally named ‘Cole, Rood and Haan’ when it was a men's footwear label. Today it offers diversified products, including men's and women's apparel, outerwear, footwear, belts, hosiery, handbags, gloves, scarves, hats and sunglasses.

Cole Haan was sold to a group of partners headed by George Denney in 1975 who built on the foundation over the following decade, transforming the label into one of the leading footwear brands in the United States. They launched a retail division in 1982, with over forty stores spanning America, Asia, South Africa, Istanbul and the Middle East and annual sales of a reported $70 million by 1996.

Nike, Inc. purchased Cole Haan in 1988 and announced on May 31, 2012 that it was divesting of the company. On February 25, 2008 the company announced it would discontinue using fur due to its strong sustainability ethics. Interestingly, the brand chose Russian tennis champion Maria Sharapova to headline its Spring 2009 and Fall 2009 campaigns and inked deals with fashion designers, athletes and tastemakers including a men's footwear capsule collection with CFDA-nominated designer Todd Snyder and a line of women's ballet flats designed in alliance with three dancers of New York City Ballet i.e. Sara Mearns, Megan Fairchild and Gretchen Smith.

Then Cole Haan was bought by private-equity firm Apax Partners Worldwide LLP for a reported sum of $570 million on November 16, 2012 with its headquarters in Greenland- New Hampshire and design center in New York. In 2020 Cole Haan went public and is expected to grab a larger share of the growing athleisure market. Per Forbes: "Cole Haan, founded in 1928, said in a regulatory filing Friday that its revenue rose 14 per cent to $686.6 million in the year through June 1. Profit jumped 43 per cent to $33.1 million. All of the proceeds raised from the IPO will go to its selling stockholders, Cole Haan said."

Shortly Cole Haan was acquired by Panto. Per Forbes: "Taking on Cole Haan in the startup phase of a shoe company is a big task. In this case, Ponto is setting its sights on the premium comfort that a sneaker provides and the timeless style of dress shoes. The twist is they are doing it from almost 100 per cent recycled materials and biodegradable plant-based soles." Helmed by CEO Jack A. Boys the fashion retailer has a strong digital presence on Amazon, Stitch Fix and other online retailers as part of its vision to boost online sales, which represents thirty per cent of its business.

In recent news- however- Cole Haan Inc. has officially withdrawn its plans for an initial public offering. According to a filing with the Securities and Exchange Commission, the footwear and accessories maker announced that it has pulled back its registration to go public.


Mission

To inspire people to live extraordinary, purpose-filled lives.


Vision

To become a respected global lifestyle brand and a company that maintains profitable growth, the core team believes it must do its part to create meaningful social impact through business practices. This begins with the greatest opportunity for impact: its global supply chain.


Key Team

Jack Boys (CEO and President)


Products and Services

Cole haan retails men's and women's apparel, outerwear, footwear, belts, hosiery, handbags, gloves, scarves, hats and sunglasses.


References
Cole Haan
Leadership team

Jack Boys (CEO and President)

Industries

Fashion and Textiles

Retail and Consumer Goods

Products/ Services
men's and women's apparel, outerwear, footwear, belts, hosiery, handbags, gloves, scarves, hats and sunglasses.
Headquarters
Greenland, 150 Ocean Rd, United States
Company Registration
4396134
Traded as
CLHN
Social Media

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Sat Feb 24 2024
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