Brands

Cole Haan Reportedly Delays IPO

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Cole Haan, the 92-year old Greenland, NH company headed by CEO Jack A. Boys, a former Converse and The North Face senior executive, has reportedly decided to delay its initial public offering. Sold by Nike to private equity firm Apex Partners for $570 million in 2013, Cole Haan filed its initial S-1 for the IPO on Feb. 14. The company’s FY19 revenues rose 14.1 percent year-over-year to $686.6 million.

Under Apex ownership and Boys’ leadership, Cole Haan has worked to extend its product reach beyond dress to casual, outdoor and sport styles. Over the last six years, the company has invested more than $100 million in technology, digital infrastructure and product innovation.

The brand currently has more than 450 wholesale accounts globally, including Nordstrom, Bloomingdale’s Hibbett Sports, Amazon, Zappos and Stitch Fix. Since 2018, Cole Haan has grown its base of active direct-to-consumer customers nearly 42 percent to more than 1.5 million.