Cole Haan

Last updated
Cole Haan
Type Subsidiary
IndustryFootwear
Founded1928;96 years ago (1928)
Chicago, Illinois, U.S.
FoundersTrafton Cole
Eddie Haan
Headquarters
New York, NY
Greenland, NH
,
United States
Number of locations
321 [1]
Area served
Worldwide [2]
Key people
Jack Boys (CEO)
David Maddocks (President)
Scott Patt (CCO)
ProductsShoes, Socks, Bags, Backpacks, Belts, Wallets, Sunglasses, Hats, Gloves, Scarves
Parent Apax Partners
Website colehaan.com

Cole Haan is an American brand of men's and women's footwear and accessories that serves markets worldwide. The company was founded in Chicago, Illinois in 1928. Cole Haan currently has its headquarters in both New York City and Greenland, New Hampshire.

Contents

History

Cole Haan store on Newbury Street in Boston, pictured in 2011 Cole Hann, Boston MA.jpg
Cole Haan store on Newbury Street in Boston, pictured in 2011

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. [3]

Nike, Inc. purchased Cole Haan in 1988. Nike announced on May 31, 2012, that it was divesting Cole Haan and Umbro to focus on the Nike brand and other complementary brands. [4] [5]

Cole Haan was bought by private equity firm Apax Partners Worldwide LLP for $570 million on November 16, 2012. [6] Since then the brand has its headquarters in Greenland, New Hampshire, and its design center in New York City. Jack A. Boys is its current CEO. [7]

The Cole Haan Maine headquarters relocated from Yarmouth to Scarborough in summer 2011. [8] In October 2013 it was announced that the headquarters would relocate to Greenland, New Hampshire. [9]

Retail stores

Cole Haan has over 300 stores with numerous locations in the Americas, Asia, and the Middle East. Cole Haan has one store in South Africa, and other than one location in Istanbul, does not have any other locations in Europe, nor any in Australia and New Zealand. [10] Cole Haan sells its products worldwide through its own website and websites operated by international distribution partners. [2]

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 in the United States, as well as through its own outlet stores found in outlet malls throughout the country. [11] [1]

Sustainability

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

Marketing

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

Collaborations

Cole Haan has done collaborations with designers, athletes, and tastemakers including 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.

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References

  1. 1 2 "Cole Haan Stores".
  2. 1 2 "Cole Haan International Distributors".
  3. ↑ Matthew, Stilphen (2013-07-09). "Q&A with George Denney - Keep Me Current". Keep Me Current. Retrieved 2016-12-01.
  4. ↑ "Nike, Form 8-K, Current Report, Filing Date Jun 28, 2012". secdatabase.com. Retrieved Mar 27, 2013.
  5. ↑ "to Divest of Cole Haan and Umbro to Focus on Accelerating Growth Through Nike and Complementary Sport Brands". Nike, Inc. Retrieved June 1, 2012.
  6. ↑ "Nike, Form 10-Q, Quarterly Report, Filing Date Jan 9, 2013" (PDF). secdatabase.com. Retrieved Mar 27, 2013.
  7. ↑ "Executive Profile Jack A. Boys". Bloomberg Business. July 2, 2015.
  8. ↑ Kim, Ann S.(February 2, 2011). "Cole Haan offices will move to Scarborough". Portland Press Herald. Retrieved August 11, 2011
  9. ↑ Cole Haan leaving Maine as new parent consolidates operations Whit Richardson, Bangor Daily News, October 10, 2013
  10. ↑ "All Cole Haan Locations | Shoes, Bags & Accessories for Men & Women".
  11. ↑ "Cole-Haan initiates major Europe expansion. (Nike Inc. Cole-Haan)". 18 October 1993. Archived from the original on 2017-07-01. Retrieved 2015-09-26.
  12. ↑ Nike's Cole Haan to go fur-free, Forbes, February 25, 2008
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