When it comes to the world of sports and fashion, few names stand out quite like Nike and Cole Haan. Both brands have earned a strong reputation for their quality, performance, and style, but the big question is: Does Nike actually own Cole Haan? In this article, we’ll take a look at the history of each company and the relationship between them. By the end, you’ll be able to answer that question with confidence. So let’s dive in and learn more about Nike and Cole Haan!
Yes, Nike owns Cole Haan. Nike Inc. acquired Cole Haan in November 2012. Cole Haan is a high-end shoe and accessories manufacturer that was founded in Chicago in 1928 and is now headquartered in Massachusetts. The company has become well-known for its high-quality leather goods and accessories, as well as its stylish footwear. Nike has allowed Cole Haan to continue its own unique approach to design, while providing the resources and infrastructure of a large company.
Does Nike own Cole Haan?
The short answer is yes, Nike does indeed own Cole Haan. In 2013, Nike acquired Cole Haan for a reported $570 million. The move was part of Nike’s strategy to expand into the luxury fashion industry.
History of Cole Haan
Cole Haan was founded in 1928 by Trafton Cole and Eddie Haan as a men’s shoe line. It first became known for its classic men’s dress shoes. In the 1990s, the company expanded its product line to include women’s shoes, as well as leather goods, accessories, bags, and apparel.
Nike’s Acquisition of Cole Haan
In 2013, Nike acquired Cole Haan for a reported $570 million. The move was part of Nike’s strategy to expand into the luxury fashion industry. As part of the acquisition, Cole Haan’s headquarters were moved from Massachusetts to Nike’s headquarters in Oregon.
Impact of Nike’s Acquisition
Since Nike’s acquisition of Cole Haan, the company has seen tremendous growth. The brand has expanded its product lines to include a wide range of items, including footwear, bags, and accessories. It has also become more focused on innovation, introducing new technologies such as Nike Air, FlyEase, and Zoomsoles. The company has also seen an increase in sales, with revenues reaching $400 million in 2019.
Conclusion
Nike’s acquisition of Cole Haan in 2013 has allowed the company to expand into the luxury fashion industry. Since then, the brand has seen tremendous growth, with revenues reaching $400 million in 2019. The acquisition has also allowed the company to become more focused on innovation, introducing new technologies such as Nike Air, FlyEase, and Zoomsoles.
Few Frequently Asked Questions
Does Nike Own Cole Haan?
Answer: Yes, Nike owns Cole Haan. Cole Haan was founded in 1928 by Trafton Cole and Eddie Haan in Chicago, Illinois, and has served as a leader in American-made footwear for decades. In 1988, Nike bought the company and maintained the Cole Haan name, expanding the product line to include apparel, accessories, and outerwear. Today, Cole Haan is still a leading footwear and accessories brand, but with the added benefit of Nike’s technology, design, and marketing expertise.
What Technology Does Nike Provide Cole Haan?
Answer: Nike provides Cole Haan with a variety of innovative technologies, including Flyknit, Flywire, and Lunarlon. Flyknit is Nike’s lightweight, breathable, and form-fitting fabric made up of individual threads woven together to create a sock-like fit. Flywire is Nike’s patented technology that uses lightweight cables in the upper of shoes to provide a secure and supportive fit. Lunarlon is a proprietary cushioning system designed to provide a lightweight, responsive ride.
What Products Does Cole Haan Offer?
Answer: Cole Haan offers a variety of products for men, women, and children, including shoes, bags, accessories, outerwear, and apparel. Its footwear collection includes classic leather styles, modern sneakers, and stylish dress shoes. Its bag collection features versatile styles including backpacks, crossbodies, tote bags, and more. Accessories include hats, wallets, sunglasses, and belts. Its outerwear selection features jackets, vests, and coats. Finally, its apparel line includes sweaters, shirts, and pants.
Where Can I Buy Cole Haan Products?
Answer: Cole Haan products are available in a variety of stores and online. Customers can shop the brand’s website, as well as stores like Nordstrom, Macy’s, and Amazon. The brand also has several brick-and-mortar stores around the world, including locations in the United States, Europe, and Asia.
What Is Cole Haan’s Return Policy?
Answer: Cole Haan offers a 60-day return policy for all items purchased on its website or in its retail stores. Customers can return items for a full refund within 60 days of purchase. Items must be in their original condition, with all tags still attached and no signs of wear. Customers are responsible for paying for return shipping.
What Is Cole Haan’s Warranty Policy?
Answer: Cole Haan offers a one-year limited warranty on all products purchased from its website or retail stores. The warranty covers any defects in materials and workmanship resulting from normal use. If a product is found to have a defect, Cole Haan will repair or replace it at no additional cost. Customers must provide proof of purchase to receive warranty coverage.
Overall, the answer to the question of whether Nike owns Cole Haan is a resounding yes. Nike acquired Cole Haan in 1988 and has been the parent company ever since. Nike has managed to keep the Cole Haan brand alive and relevant in the fashion industry all these years. Through its unique designs and commitment to creating quality footwear, Cole Haan has become a favorite among shoe enthusiasts. With Nike’s backing, it is certain that Cole Haan will continue to be a leader in the footwear market for years to come.
