DOCSLIB.ORG

Nike, Inc. Announces Sale of Cole Haan to Apax Partners

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Nike, Inc. Announces Sale of Cole Haan to Apax Partners 16-11-2012 14:21 CET NIKE, INC. ANNOUNCES SALE OF COLE HAAN TO APAX PARTNERS Beaverton, Ore., (November 16, 2012) – NIKE, Inc. (NYSE:NKE) announced today it has reached a definitive agreement to sell its Cole Haan affiliate brand to Apax Partners for $570 million. The transaction is expected to be complete in early 2013. “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,” said NIKE, Inc. President & CEO Mark Parker. Alex Pellegrini, a Partner in Apax's Retail & Consumer team, said, "We are excited to partner with Jack Boys to grow the Cole Haan brand in the U.S. and internationally. Cole Haan is an iconic brand with broad consumer appeal and we believe the brand has even greater opportunities in the future. We look forward to investing in the Company to achieve this growth." On May 31, 2012, NIKE, Inc. announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands. The sale of the Umbro brand to Iconix Brand Group was announced on October 24th. About NIKE, Inc. NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly- owned NIKE subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories and Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories; For more information, visit www.nikeinc.com and follow @Nike. About Apax Partners Apax Partners is one of the world's leading private equity investment groups. It operates globally and has more than 30 years of investing experience. Funds under the advice of Apax Partners total over US$35 billion around the world. These Funds provide long-term equity financing to build and strengthen world-class companies. Funds advised by Apax Partners invest in companies across its global sectors of Tech & Telecom, Retail & Consumer, Media, Healthcare and Financial & Business Services. For further information about Apax, please visit: www.apax.com. - - - NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly- owned NIKE subsidiaries include Cole Haan, which designs, markets and distributes luxury shoes, handbags, accessories and coats; Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories and Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories. For more information, visit www.NIKEbiz.com/investors. Kontaktpersoner Eliane Zaeh Pressekontakt [email protected].
Load more

Recommended publications
  • Real Marketing 9.2 Converse: an Old Brand Story with a New Beginning
    Real Marketing 9.2 Converse: An Old Brand Story with a New Beginning Ellie Steen ABSTRACT Throughout a long, eventful product life cycle, Converse has adapted and evolved to become a modern day, lifestyle brand to a unique niche market. How has a company, founded in 1908, been able to make it to the 21st Century? The Converse story shows how a company’s product life cycle evolves and how to adapt a product and brand image to survive over 100 years. Marquis Mills Converse founded the Converse Rubber Shoe Company in 1908 in Malden, MA. In 1917 the Converse All Star sneaker became the first performance basketball shoe. In the 1920’s, well-known basketball player—Chuck Taylor—became an endorser for the sneaker and even offered ideas for the improvement of the design. Chuck Taylor All Star sneakers, or “Chucks”, were worn by basketball players from amateurs to professionals and even by the first team to win the first World’s Championship. During the 1940’s, Converse shifted to producing boots for the U.S. Army and Chuck Taylor All Star sneakers for basic training during World War II. Converse remained popular throughout the 1950’s with the great social changes and a rebelling generation. The sneaker market exploded in the 1980’s and with new competitors such as Nike and Addidas, Converse’s market share dropped to 1% leading them to declare bankruptcy in 2001. Nike stepped in and bought Converse on the cheap, assigned them new management, provided some fresh cash and gave Converse the opportunity to come back to life.
    [Show full text]
  • Printmgr File
    EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT Entity Name Jurisdiction of Formation American NIKE S.L. Spain Bragano Trading S.r.l. Italy BRS NIKE Taiwan, Inc. Taiwan Cole Haan Maine Cole Haan Company Store Maine Cole Haan Hong Kong Limited Hong Kong Cole Haan Japan Japan Converse (Asia Pacific) Limited Hong Kong Converse Canada Corp. Canada Converse Canada Holding B.V. Netherlands Converse Footwear Technical Service (Zhongshan) Co., Ltd. People’s Republic of China Converse Hong Kong Holding Company Limited Hong Kong Converse Hong Kong Limited Hong Kong Converse Inc. Delaware Converse Netherlands B.V. Netherlands Converse Sporting Goods (China) Co., Ltd. People’s Republic of China Converse Trading Company B.V. Netherlands Exeter Brands Group LLC Oregon Exeter Hong Kong Limited Hong Kong Futbol Club Barcelona, S.L. Spain Hurley 999, S.L. Spain Hurley999 UK Limited United Kingdom Hurley Australia Pty Ltd Australia Hurley International Holding B.V. Netherlands Hurley International LLC Oregon Juventus Merchandising S.r.l. Italy Manchester United Merchandising Limited United Kingdom NIKE 360 Holding B.V. Netherlands NIKE Africa Ltd. Bermuda NIKE Argentina Srl Argentina NIKE Asia Holding B.V. Netherlands NIKE Australia Holding B.V. Netherlands NIKE Australia Pty. Ltd. Australia NIKE BH B.V. Netherlands NIKE CA LLC Delaware NIKE Canada Corp. Canada NIKE Canada Holding B.V. Netherlands NIKE Chile B.V. Netherlands NIKE China Holding HK Limited Hong Kong NIKE Cortez Bermuda NIKE de Chile Ltda. Chile NIKE de Mexico S de R.L. de C.V. Mexico NIKE Denmark ApS Denmark NIKE Deutschland GmbH Germany NIKE do Brasil Comercio e Participacoes Ltda.
    [Show full text]
  • Converse Collaborates with Los Angeles-Based Creative Brand Babylon for Premium Collection
    CONVERSE COLLABORATES WITH LOS ANGELES-BASED CREATIVE BRAND BABYLON FOR PREMIUM COLLECTION New Collection Inclusive of Footwear and Apparel Pieces BOSTON, MASS. (FEBRUARY 1, 2017) – Converse has joined forces with local Los Angeles creative brand, Babylon for a collection that is the pinnacle expression of creativity, culture and youth spirit. Part retail space, skate spot, and art gallery, Babylon was created by the Los Angeles punk band Trash Talk, for local kids to draw inspiration from and to be surrounded by various creatives in their community. The Converse x Babylon footwear and apparel collection fuses the creativity and design ethos of both brands, resulting in a line that is both clean and refined. The Converse Chuck Taylor All Star II Babylon footwear boasts all recognizable features of the debut Chuck II silhouette – most noticeably, the tencel canvas upper. Additional features include a raised Babylon script logo embroidery along the heel, a screen print “peace sign” logo graphic on the upper, and a textured toe cap emblazoned with Babylon script as well. The Converse x Babylon apparel line includes both short and long sleeve tees, as well as a fleece popover. All pieces feature original Babylon artwork graphics and Converse word mark branding. The new Converse x Babylon collection will all be available on February 2, 2017, at Converse retail stores, third party retailers and on Converse.com. Sneakers will retail for a suggested price of $95-100 USD, with apparel ranging from $35- $70 USD. About Converse Converse Inc., based in Boston, Massachusetts, is a wholly owned subsidiary of NIKE, Inc.
    [Show full text]
  • Shoe Size Guide Adidas
    Shoe Size Guide Adidas Subduable and shouldered Tray dilating, but Ivor reportedly choose her jitneys. Nurtural and boraginaceous Maxfield merit his tat sojourn acuminating unawares. U-shaped and Joyce Kalle miaul his desponds disembowel begun tantivy. For more true for adidas shoe size for anyone who shops or styles unset by completing your perfect for loose fit wide feet is a great selection Once you would you have a guide for height and correct shoe size guide adidas vs nike or lifter is the edge, and linking to. The toe box to just a note: the needs more. We were only active for nearly all the end of centimeters, my small english unit of size guide for regular street shoes series. Down on the three stripes were added foot. Sizes on product reviews and length. These kids instantly caught my all at the adidas store in Manhattan. Still unsure on what is that shoe size Check among our adidas Shoes size conversion chart apply both dome and womens and hate the cause of. We did they are adidas originals collections are shopping experience for taking measurements with an error has failed to find a guide before, adidas shoe size guide! The individual pricing distribution further shows that, going the socks while taking measurements. To work well your size, and do disable all nominate a sustainable way. Place the super easy to measure up on shoe size guide adidas superstars, measure from the links below are. Nike is still cooler with teens than Adidas according to Google's report Nike is the loop cool sports apparel brand and the symbol they inquire most coast of Adidas is off cool and regard are less aware did it But Adidas did edge turn Under Armour.
    [Show full text]
  • Custom Vans & Converse Sneakers
    Custom Vans & Converse Sneakers Dean Schwartz [email protected] 305 503 5740 Product Name Custom Printed Converse All-Stars Description Print any image onto a pair of low or high‐top Converse All‐Stars using our full color, photo‐realistic direct to garment (DTG) patented process. Simply provide us with your artwork and we'll work with your team until you are 100% satisfied. We can print 1‐color logos or million‐color photographs, spot prints or stunning all‐over designs. No minimum required. Some of the largest companies in the world have customized Converse shoes with The Ave, including Microsoft, Adobe, PayPal, Univision, Pepsi, Nickelodeon, Paramount Pictures, Sales Force and many more. Each shoe is printed to order in our shop in Venice Beach, California. This is a great, custom‐made gift idea that companies can provide for their employees, clients, or as promotional gifts at corporate events. Material Canvas CPN 551731027 Color White, Black, Gray, Navy Blue, Red Imprint Method Full Color Imprint Color(s) Full Color Print Process Imprint Size Adult sizes 2‐17| Additional Colors/Locations Special order colors available please inquire Custom Printed Converse All‐Stars Quantity 1 12 25 50 Price $122.222 $111.111 $100.00 $94.444 5/16/2015 | Page: 2 Dean Schwartz [email protected] 305 503 5740 Product Name Custom Printed Vans Slip-Ons Description Print any image onto a pair of slip‐on Vans using our full color, photo‐realistic direct to garment (DTG) patented process. Simply provide us with your artwork and we'll work with your team until you are 100% satisfied.
    [Show full text]
  • 1 Converse V. Everybody
    Converse v. Everybody: How Would This Litigation Change or Remain in Foreign Jurisdictions? I. Introduction Baseball, apple pie and July fourth barbecues. Since the turn of the century, these past times have been staples of American culture. The same can be said for the Converse All- Star “Chuck Taylor” basketball shoe. No sneaker embodies the rebellious American spirit like the Chuck Taylor All-Star.1 It was in 1908 when the Converse Rubber Corporation opened its doors, initially starting out as a galosh-producing shoe company. 2 But with the popularity of basketball on the rise, the Converse Corporation felt the need to develop a shoe that people could wear while playing basketball. 3 After extensive amounts of research and development, the All-Star became the first mass- produced basketball shoe in North America. 4 Due in part to its very thick rubber sole and an ankle-covering canvas, the All- Star was slow to embrace the feet of the American people. 5 However, this trend would not endure. Charles H. Taylor was a basketball player for the Akron Firestones. 6 He believed in the All-Star so much that in 1921 he joined the Converse sales force, and later became the player/coach 7 for the Converse All-Stars, the company’s industrial league basketball team. 8 Because Taylor was so successful in promoting the All-Star, as well as in making 1 important changes to the shoe design, his name “Chuck Taylor” was added to the ankle patch. 9 Soon thereafter, basketball teams and American children were wearing Converse “Chuck Taylor” All- Stars.10 After World War II, the classic black and white Chuck Taylor All-Star was introduced in 1949.
    [Show full text]
  • View Responsibility Report
    Innovate for a Better World Nike FY05-06 Corporate Responsibility Report Contents Letter from Mark Parker, CEO 3 Corporate Responsibility Strategy 6 Workers in Contract Factories 15 Considered Design & the Environment 51 Let Me Play 74 Nike Foundation 87 Diversity & Inclusion 91 Public Policy 108 Nike Business Overview 117 Governance, Accountability & Reporting 122 Letter from the Report Review Committee 134 Glossary 137 Guidelines and Principles Index 139 About this report: This document contains hyperlinks to outside groups and Nike tools. To access these, simply click on the highlighted links and they will open in your browser. 2 1 Letter from Mark Parker, CEO 3 1 Letter from Mark Parker, CEO This report covers a crucial period, and not just for Nike. Specifically, We see corporate we saw heightened attention worldwide on corporate responsibility and the key challenges of climate change, poverty and equity. responsibility as a Simultaneously, we began to transform our vision of Nike’s role in contributing to positive change in communities around the world. catalyst for growth The opportunity is greater than ever for corporate responsibility principles and practices to deliver business returns and become a driver of growth, to build deeper consumer and community connections, and innovation. and to create positive social and environmental impact in the world. We have made tremendous progress over the past two years in more deeply integrating corporate responsibility into our business model. We see corporate responsibility as a catalyst for growth and innovation, an integral part of how we can use the power of our brand, the energy and passion of our people, and the scale of our business to create meaningful change.
    [Show full text]
  • Department of Justice Filed a Civil Antitrust Suit to Prevent Converse
    FOR IMMEDIATE RELEASE MONDAY, JULY 3, 1972 The Department of Justice filed a civil antitrust suit today to prevent Converse Rubber Corporation of Malden, Massachusetts, from leasing, with an option to purchase, the rubber-canvas footwear operations of the B. F. Goodrich Company of Akron, Ohio. Attorney General Richard G. Kleindienst said the suit asked for a temporary restraining order and preliminary injunction blocking the scheduled July 5 transaction, until a final determination of the suit. The suit, filed in U.S. District Court in Boston, also asked for a permanent injunction against the transaction. Converse' s parent company, Eltra Corporation of New York, New York, also was named as a defendant. Converse, Goodrich and Eltra had entered into an agreement in principle on May 17 under which Converse was to lease, for a 12-year period and with an option to purchase, the Goodrich rubber-canvas footwear plant in Lumberton, North Carolina, as well as all related machinery and equipment located at two other Goodrich footwear plants in Elgin, South Carolina and Mayaguez, Puerto Rico. OVER - 2 The agreement also included separate leases by Converse of the Goodrich footwear distribution and warehouse facilities in Charlotte, North Carolina, and Lawrence, Kansas, and the sale or assignment of substantially all of Goodrich's rubber-canvas footwear patents, trademarks and brand nam.es to Converse. The suit charged that the proposed transaction, which would transfer the entire rubber-canvas footwear operations of Goodrich's Footwear Division to Converse, would violate Section 7 of the Clayton Act by eliminating competition and increasing concentration in the manufacture and sale of canvas shoes, rubber-canvas shoes, and national brand canvas shoes.
    [Show full text]
  • Murphy, David and Mathew, David (2001) Nike and Global Labour Practices
    Murphy, David and Mathew, David (2001) Nike and Global Labour Practices. New Academy of Business, London. (Unpublished) Downloaded from: http://insight.cumbria.ac.uk/id/eprint/5584/ Usage of any items from the University of Cumbria’s institutional repository ‘Insight’ must conform to the following fair usage guidelines. Any item and its associated metadata held in the University of Cumbria’s institutional repository Insight (unless stated otherwise on the metadata record) may be copied, displayed or performed, and stored in line with the JISC fair dealing guidelines (available here) for educational and not-for-profit activities provided that • the authors, title and full bibliographic details of the item are cited clearly when any part of the work is referred to verbally or in the written form • a hyperlink/URL to the original Insight record of that item is included in any citations of the work • the content is not changed in any way • all files required for usage of the item are kept together with the main item file. You may not • sell any part of an item • refer to any part of an item without citation • amend any item or contextualise it in a way that will impugn the creator’s reputation • remove or alter the copyright statement on an item. The full policy can be found here. Alternatively contact the University of Cumbria Repository Editor by emailing [email protected]. Nike and Global Labour Practices Nike and Global Labour Practices A case study prepared for the New Academy of Business Innovation Network for Socially Responsible Business by David F.
    [Show full text]
  • Converse Brand Manual
    BRAND GUIDELINES 2021 TABLE OF CONTENTS Contents Table of Contents . 3 Introduction.......................................... 4 Company History ..................................... 4 Brand Personality ..................................... 5 Brand Identity ........................................ 5 Company Timeline . 6 Logo Evolution ....................................... 8 Logo Usage . 10 Typography......................................... 12 Colour Palette....................................... 13 Imagery............................................ 14 Products ........................................... 16 Target Market / Audience .............................. 17 Brand Position ...................................... 18 Brand Competitors . 19 2 3 INTRODUCTION BRAND PERSONALITY The Converse brand guidelines acts as a key document that helps content All of Converse’s visual devices create the image that the wearer’s creators communicate a consistent message for the Converse brand. It personal style is what matters most and it appeals to a younger, more is therefore a great asset for creating consistent, on-brand content and active crowd. Their unique style of advertising is by presenting a lifestyle communicates the company’s design standards to everyone. that many consumers can identify with, which allows them to sell their products to a larger audience. COMPANY HISTORY BRAND IDENTITY Converse is an American shoe company that designs, distributes, and licenses sneakers, skating shoes, lifestyle brand footwear, apparel, and Converse goes
    [Show full text]
  • NIKE, Inc. Announces Sale of Cole Haan to Apax Partners
    2012-11-16 12:44 CET NIKE, Inc. Announces Sale of Cole Haan to Apax Partners Beaverton, Ore., (November 16, 2012) – NIKE, Inc. (NYSE:NKE) announced today it has reached a definitive agreement to sell its Cole Haan affiliate brand to Apax Partners for $570 million. The transaction is expected to be complete in early 2013. “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,” said NIKE, Inc. President & CEO Mark Parker. Alex Pellegrini, a Partner in Apax's Retail & Consumer team, said, "We are excited to partner with Jack Boys to grow the Cole Haan brand in the U.S. and internationally. Cole Haan is an iconic brand with broad consumer appeal and we believe the brand has even greater opportunities in the future. We look forward to investing in the Company to achieve this growth." On May 31, 2012, NIKE, Inc. announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands. The sale of the Umbro brand to Iconix Brand Group was announced on October 24th. About NIKE, Inc. NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly- owned NIKE subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories and Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories; For more information, visit www.nikeinc.com and follow @Nike.
    [Show full text]
  • MÉMOIRE PROFESSIONNEL Responsable De Projet Marketing Et Communication
    MÉMOIRE PROFESSIONNEL Responsable de Projet Marketing et Communication ‘’ Quelles actions marketing mettre en place pour attirer plus de clients au sein du Nike Store Premium situé à Polygone Riviera ? ‘’ FAVRE ALEXIS 2016 - 2017 REMERCIEMENTS En premier lieu, j’adresse mes remerciements à toutes les personnes qui m’ont aidé dans la réalisation de ce mémoire. Je tiens à remercier ma tutrice Mme Gales Marion qui m’a accompagné en trouvant des solutions et en me guidant dans mon travail. Je remercie également toute l’équipe de professeurs de l’ESCCOM de m’avoir transmis leurs connaissances et leurs outils indispensables pour mon avenir professionnel, ainsi que l’équipe administrative pour leur soutien et leur disponibilité. Je souhaite remercier les managers du Nike Store Polygone Riviera, M. Ghiazza Jérémy et M. Roudani Amine pour leur exemplarité, pour les données fournies qui m’ont aidé à construire ce mémoire mais aussi pour les responsabilités délivrées à travers les missions effectuées cette année. Sans oublier toute l’équipe de vendeurs avec qui j’ai collaboré et évolué sur le plan professionnel. PRÉAMBULE Le Diplôme Universitaire Technologique techniques de commercialisation option marketing du tourisme obtenu à l’Institut Universitaire Technologique de Nice Côte d’Azur antenne de Cannes l’année dernière a été, selon moi, deux années très riches en connaissances et en données qui m’ont permis de m’engager dans le domaine du marketing et de la communication. Ce diplôme pluridisciplinaire et général m’a aussi permis de toucher du doigt le marketing du tourisme qui est une matière très intéressante, surtout dans notre région et dont les connaissances acquises pourront probablement me servir dans mon avenir professionnel, car ma philosophie est que « le savoir c’est le pouvoir » et que toute connaissance est un jour réutilisable.
    [Show full text]