US footwear maker Cole Haan is gearing up for an initial public offering (IPO) – but told just-style it had "no further comment" on the timing.

The company is owned by private equity firm Apax Partners which it acquired from Nike in 2013.

"Our management team is confident in the opportunities we have created for the Cole Haan brand and our business globally," CEO Jack Boys said in an emailed statement to Bloomberg. "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."

In an email to just-style a spokesperson confirmed the company has begun to prepare for an IPO but had "no further comment" when asked about the timing of an IPO.

According to its website, Cole Haan has 305 stores located globally.

Raya Sokolyanska, vice president and senior analyst at Moody's, comments: "Cole Haan is among the few apparel and footwear LBOs [leveraged buyouts] that have managed to invest and grow amid a highly promotional environment, leading to an improved credit position. Solid execution on the product and digital marketing front, and a deliberate and timely focus on athletically inspired fashion, have been key factors in Cole Haan's ability to re-invent its heritage brand."

Expert analysis

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