Nike Finds Fit for Cole Haan With Apax for $570M

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Nov. 16 (Bloomberg) -- Bloomberg's Cristina Alesci reports that Nike agreed to sell its Cole Haan fashion brand to private-equity firm Apax Partners for $570 million as it focuses on faster-growing businesses and looks at the decision to move Hostess Bakeries in to liquidation following a worker strike. She speaks on Bloomberg Television's "Money Moves."

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