News broke out a few months ago that Nike has dropped Cole Haan and Umbro. Fast forward a few months later, Nike sold Cole Haan to APAX Partners for $570 million. Nike has its reasons for letting go of Cole Haan. Mark Parker, CEO and President of Nike, said “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,”.
How do you feel about Nike dropping Cole Haan? Will letting go of Cole Haan really help Nike focus on other projects? Let us know how you feel in the comment section below.