The story
The company's origins can be traced to the 1930 liquidation of Selz, Schwab & Company, a Chicago shoe manufacturer founded in the nineteenth century. As part of the liquidation, the company's largest Chicago factory was turned over to five former executives: C. Trafton Cole, William R. Rood, Edward Haan, Murdock McGregor, and Charles A. Simpson. The five organized a new company, Cole, Rood, Haan & McGregor, to continue the manufacture of men's footwear at the former Selz-Schwab factory.
By 1947, the firm was operating under the name Cole, Rood & Haan. That year, as Cole, Rood & Haan was liquidating its business, the J. P. Smith Shoe Company announced that it would manufacture men's shoes under the brand names used by Cole, Rood & Haan and service the company's former accounts. Trafton Cole and other personnel from Cole, Rood & Haan were appointed to supervise manufacturing of shoes branded under the name of the liquidated firm, while Edward Haan and Arthur Larson were appointed sales representatives for the former company's branded lines.
In 1958, J. P. Smith Shoe Company was acquired by the E. E. Taylor Corporation, and production associated with the firm was transferred to E. E. Taylor facilities in Maine.
Cole Haan was sold to a group of partners headed by George Denney in 1975. These executives built upon the foundation established by Cole and Haan over the following decade, transforming the label into one of the leading U.S. footwear brands. They launched a retail division in 1982, which comprised 40-plus stores worldwide and cumulative annual sales of nearly $70 million by 1996.
Nike, Inc. purchased Cole Haan in 1988. During Nike's ownership tenure, Cole Haan produced a number of experimental designs and achieved critical acclaim. In 2004, creative director Gordon Thompson III received the Accessory Designer of the Year from the Accessories Council. Nike announced on May 31, 2012, that it was divesting Cole Haan and Umbro to focus on the Nike brand and other complementary brands.
Cole Haan was bought by private equity firm Apax Partners Worldwide LLP for $570 million on November 16, 2012. Since then the brand has its headquarters in Greenland, New Hampshire, and its design center in New York City. Jack A. Boys is its current CEO.
The Cole Haan Maine headquarters relocated from Yarmouth to Scarborough in summer 2011. In October 2013 it was announced that the headquarters would relocate to Greenland, New Hampshire. The company made plans for an initial public offering in 2021, but withdrew those plans after economic upheaval caused by the COVID-19 pandemic.
Today Cole Haan offers a wide range of products, including men's and women's dress and casual footwear, belts, hosiery, handbags, gloves, scarves, hats, outerwear, and sunglasses.
From Wikipedia’s article on Cole Haan, shared under CC BY-SA 4.0.5
