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Coach to buy Kate Spade

1 month 2 weeks 5 days ago May 08, 2017 May 8, 2017 Monday, May 08 2017 May 08, 2017 9:45 AM in News
Source: WBRZ
Image via ABC

NEW YORK - Coach is buying Kate Spade for $2.4 billion, tying together two premier brands in the luxury goods sector that have fought to snare younger shoppers. Coach CEO Victor Luis says that Kate Spade has a "strong awareness among consumers, especially millennials." The boards of both New York companies have approved the deal, which is targeted to close in the third quarter.

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