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NIKE, Inc. Announces Sale of Cole Haan to Apax Partners



  NIKE, Inc. Announces Sale of Cole Haan to Apax Partners

Business Wire

BEAVERTON, Ore. -- November 16, 2012

NIKE, Inc. (NYSE:NKE) announced today it has reached a definitive agreement to
sell its Cole Haan affiliate brand to Apax Partners for $570 million. The
transaction is expected to be complete in early 2013.

“The decision to divest of Cole Haan allows us to sharpen our focus on
opportunities with the highest potential for strong returns, and to make sure
the brands within the NIKE, Inc. portfolio are the most complementary to the
NIKE Brand,” said NIKE, Inc. President & CEO Mark Parker.

Alex Pellegrini, a Partner in Apax's Retail & Consumer team, said, "We are
excited to partner with Jack Boys to grow the Cole Haan brand in the U.S. and
internationally. Cole Haan is an iconic brand with broad consumer appeal and
we believe the brand has even greater opportunities in the future. We look
forward to investing in the Company to achieve this growth."

On May 31, 2012, NIKE, Inc. announced its intention to divest of Umbro and
Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse
and Hurley brands. The sale of the Umbro brand to Iconix Brand Group was
announced on October 24^th.

About NIKE, Inc.

NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer,
marketer and distributor of authentic athletic footwear, apparel, equipment
and accessories for a wide variety of sports and fitness activities.
Wholly-owned NIKE subsidiaries include Converse Inc., which designs, markets
and distributes athletic footwear, apparel and accessories and Hurley
International LLC, which designs, markets and distributes action sports and
youth lifestyle footwear, apparel and accessories; For more information, visit
www.nikeinc.com and follow @Nike.

About Apax Partners

Apax Partners is one of the world's leading private equity investment groups.
It operates globally and has more than 30 years of investing experience. Funds
under the advice of Apax Partners total over US$35 billion around the world.
These Funds provide long-term equity financing to build and strengthen
world-class companies. Funds advised by Apax Partners invest in companies
across its global sectors of Tech & Telecom, Retail & Consumer, Media,
Healthcare and Financial & Business Services. For further information about
Apax, please visit: www.apax.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121116005463/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50481748&lang=en

Contact:

NIKE, Inc.
Media: Mary Remuzzi (mary.remuzzi@nike.com) +1 503 532 8767
Investors: Gavin Lindberg (gavin.lindberg@nike.com) + 1 503 671 8178
Apax
Apax Partners
Ben Harding / Georgiana Brunner
Tel: +44 (0)20 7872 6401 / 6429
Email: communications@apax.com
US enquiries
Kekst and Company
Todd Fogarty
Tel: +1 212 521 4854 Email: todd-fogarty@kekst.com
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