Coach Announces It Is Buying Kate Spade In $2.4 Billion Deal

The news confirms months of rumors that the two New York-based brands were in talks to join forces, as Coach tries to attract millennial customers. Both boards unanimously approved the deal.
Purses hang in the window of a Kate Spade store in New York City's SoHo neighborhood. Source: Spencer Platt

Luxury brand Coach says it has reached a deal to acquire its smaller rival, Kate Spade, in a cash deal worth $2.4 billion.

The announcement confirms months of rumors that the two New York-based brands were in

Anda sedang membaca pratinjau, daftarlah untuk membaca selengkapnya.

Lainnya dari NPR

NPR9 mnt membaca
Sell Or Stay? Australia's Fire Zone Experiment
After deadly 2009 wildfires, authorities offered to buy property to encourage people to move. Few accepted. The questions raised by Australia's experience are freshly urgent after its latest fires.
NPR3 mnt membaca
Trump Says Sotomayor, Ginsburg Should Recuse Themselves From Cases Involving Him
The president's remarks are an apparent reference to a dissent by Justice Sotomayor, who wrote that the government had claimed "one emergency after another" to seek an "unprecedented number" of stays.
NPR4 mnt membaca
'Say Amen, Somebody' Restoration Unveils The Wonder Of The Gospel Pioneers
Almost 40 years since its cinematic release, a restoration brings this documentary featuring Thomas A. Dorsey and Mother Willie Mae Ford Smith back to life.