Cole Haan

Cole Haan
Subsidiary
Industry footwear
Predecessor Intercueros
Founded 1928
Founders Trafton Cole
and Eddie Haan, George Denny et al.
Headquarters Greenland, New Hampshire, United States
Number of locations
 70+
Area served
 Worldwide except Australia and Oceania
Key people
 Jack Boys, J. Michael Prince, David Maddocks
Website www.colehaan.com

Cole Haan is a global lifestyle brand with a focus on men's and women's footwear and accessories. Founded in Chicago, Illinois, United States, in 1928, Cole Haan currently has headquarters in both New York City and Greenland, NH.

History

The company name comes from founders Trafton Cole and Eddie Haan, and was originally named Cole, Rood & Haan when the company was strictly a men's footwear label. Today it offers many products, including men's and women's dress and casual footwear, belts, hosiery, handbags, gloves, scarves, hats, outerwear, and sunglasses.

Cole Haan was sold to a group of partners headed by George Denney in 1975. These executives built upon the foundation established by Cole and Haan over the following decade, transforming the label into one of the leading U.S. footwear brands. They launched a retail division in 1982, which comprised 40 plus stores worldwide and cumulative annual sales of nearly $70 million by 1996.[1]

Nike Inc. announced on May 31, 2012, that it will be removing its stake in Cole Haan to focus on other complementary brands and the Nike brand itself.[2][3]

Cole Haan was bought by Apax Partners Worldwide LLP for $570 million on November 16, 2012, from Nike, Inc..[4] Cole Haan has its headquarters in Greenland, New Hampshire, and its design center in New York City. Jack A. Boys is its current CEO.[5]

The Cole Haan Maine headquarters relocated from Yarmouth to Scarborough in summer 2011.[6] In October 2013 it was announced that the headquarters would relocate to Greenland, New Hampshire.[7]

Suppliers

Horween Leather Company supplies leather shells for footwear to Cole Haan.[8][9][10]

Retail stores

The company's flagship stores are found in locations including:

Cole Haan on Newbury Street in Boston

Cole Haan products are also sold at retailers such as Nordstrom, Shoe Carnival, Zappos, Macy's, Lord & Taylor, Neiman Marcus, Hudson's Bay Company and other department stores and independent stores nationwide, as well as through its own outlet stores found in outlet malls throughout the country. Additionally, Cole Haan has stores and shop-in-shops globally in countries including Indonesia, Korea, China, Mexico, Guatemala, Peru, Thailand, The Philippines, and Canada. However, Cole Haan was hoped to expand its business in Europe, but does not have any store as well as they never had stores in Australia and New Zealand.[11]

Sustainability

On February 25, 2008, the company announced it would discontinue using real animal fur in its products for business and sustainability reasons.[12]

Collaborations

Cole Haan chose Russian tennis star Maria Sharapova to headline its Spring 2009 and Fall 2009 advertising campaigns.

Cole Haan is known for collaborations with designers, athletes, and tastemakers. Current product collaborations include a men's footwear capsule collection with CFDA-nominated menswear designer Todd Snyder and a collection of women's ballet flats designed in partnership with three dancers of New York City Ballet: Sara Mearns, Megan Fairchild, and Gretchen Smith, inspired by their lifestyle from studio to street.

References

  1. ↑ Matthew, Stilphen (2013-07-09). "Q&A with George Denney - Keep Me Current". Keep Me Current. Retrieved 2016-12-01.
  2. ↑ "Nike, Form 8-K, Current Report, Filing Date Jun 28, 2012". secdatabase.com. Retrieved Mar 27, 2013.
  3. ↑ "to Divest of Cole Haan and Umbro to Focus on Accelerating Growth Through Nike and Complementary Sport Brands". Nike, Inc. Retrieved June 1, 2012.
  4. ↑ "Nike, Form 10-Q, Quarterly Report, Filing Date Jan 9, 2013" (PDF). secdatabase.com. Retrieved Mar 27, 2013.
  5. ↑ "Executive Profile Jack A. Boys". Bloomberg Business. July 2, 2015.
  6. ↑ Kim, Ann S.(February 2, 2011). "Cole Haan offices will move to Scarborough". Portland Press Herald. Retrieved August 11, 2011
  7. ↑ Cole Haan leaving Maine as new parent consolidates operations Whit Richardson, Bangor Daily News, October 10, 2013
  8. ↑ "A Brief History « Horween Leather Company". Horween.com. Archived from the original on July 5, 2013. Retrieved March 28, 2013.
  9. ↑ Horween Leather Company. encyclopedia.com. Retrieved March 26, 2013.
  10. ↑ Barbara Rolek (October 27, 2003). "Horween's leather bound by tradition". Chicago Tribune. Retrieved March 27, 2013.
  11. ↑ "Cole-Haan initiates major Europe expansion. (Nike Inc. Cole-Haan)". highbeam.com. Retrieved 2015-09-26.
  12. ↑ "Nike's Cole Haan to go fur-free", Forbes, February 25, 2008

External links

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