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Shoemaker Cole Haan Preps IPO as Athleisure Focus Boosts Sales

  • Move comes after annual sales said to grow 14% to $687 million
  • Apax acquired the brand from Nike for $570 million in 2013

Premium shoemaker Cole Haan, currently owned by private equity, is preparing for an initial public offering, following robust sales and profit growth.

“Our management team is confident in the opportunities we have created for the Cole Haan brand and our business globally,” Chief Executive Officer Jack Boys said in a statement. “Based on the momentum we have generated in the business and the opportunities we believe are before Cole Haan, we have determined that now is the time to prepare for an initial public offering of the company’s shares.”