Reuters – Nike Nears Deal for Cole Haan

Nike Inc. is in final negotiations to sell its Cole Haan handbag and shoe brand to private equity firm Apax Partners, in a deal that could fetch around $500 million, Reuters wrote Tuesday. Apax has prevailed over other private equity firms including TPG Capital Management and Berkshire Partners in the auction for Cole Haan, which sells footwear, clothing and leather handbags, sources said on Monday.

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