Coach to Acquire Kate Spade

As part of its evolution toward a multi-brand organization, Coach will acquire Kate Spade for $2.4 billion ($18.50/share in cash, which includes a premium of nine percent on the Friday closing price), according to The New York Times.

As of July 2016, Coach operated 228 retail stores, 204 outlets and 552 Coach-operated shop-in-shops, according to the report (citing the company’s annual report). Coach handbags range from $285 to $3,000. Kate Spade handbags retail from $100 to $500.

Comments are closed.