Leather manufacturer moving HQ to Greenland
Apax Partners, a global private equity firm with offices in New York City, bought the company from Nike in a cash deal worth $570 million earlier in the year.
She did not offer additional details about how many people Cole Haan employs in Scarborough or when the move would take place, but Karen Martin, executive director of the Scarborough Economic Development Corp., estimated that 110 to 120 people were employed at the company's Scarborough location.
The company once manufactured shoes in Maine, but has since moved those operations overseas.
Reports: Market Basket doomsday plan would shutter 61 of 71 stores if deal not struck soon
GOP for legal pot? Hemignway's high help
Ohio's Rob Portman: GOP can win back Senate