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Report: Shoe retailer Cole Haan readies IPO

Footwear producer and retailer Cole Haan LLC is preparing for an IPO amid strong sales and earnings growth, Bloomberg News reported Aug. 26, citing sources familiar with the matter.

The company is reportedly establishing talks with investment banks, but the timing of the IPO was not disclosed, the news wire said.

Cole Haan is owned by private equity firm Apax Partners LLP, which acquired it from NIKE Inc. in 2013 for $570 million.

Cole Haan did not immediately respond to S&P Global Market Intelligence's request for comment.