Cole Haan prepares for IPO
The company was acquired in 2013 by private equity firm Apax Partners from Nike. Now comes the confirmation that Cole Haan it’s preparing for an initial public offering
“Our management team is confident in the opportunities we have created for the Cole Haan brand and our business globally,” said Chief Executive Officer Jack Boys adding: “Based on the momentum we have generated in the business and the opportunities we believe are before Cole Haan, we have determined that now is the time to prepare for an initial public offering of the company’s shares.”
Bloomberg also reported that revenue grew by 14% to 687 million US dollars in the fiscal year ended on the 1st of June while adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) jumped 56 percent to 95.3 million US dollars. According to the same source, growth is being driven by a focus on more athletic models and by a momentum of the brand overseas.
Source: Bloomberg
Source: Bloomberg
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