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(November 16, 2012) -- It's been announced that Nike will sell Cole Haan to Apax Partners for $570 million. Nike announced back in the spring of 2012 that it would divest itself of Umbro and Cole Haan in order to tighten up its operations. As of that following month, Maria Sharapova had no plans to alter her business deal with Cole Haan because of this business development.

(via SportsOneSource; photo via TSF of Maria at a Cole Haan party in 2010)