Coach to buy Kate Spade
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.
In major retail news, Coach will acquire Kate Spade in a $2.4 billion deal. https://t.co/swNdJ2I4PZ— Twitter Moments (@TwitterMoments) May 8, 2017
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
INVESTIGATIVE UNIT: Sheriff's office admits to mistake after not sending rape kit...
Tired of sifting through multiple mortgage company requests
Central residents tired of flooding; drainage clean-up to begin July 10
Woman accused in murder of molester takes plea deal
Area ice cream shop fires employees after tirade aimed at sheriff's deputies