Initially, the deal had to be finalised by June 23rd. Then, the deadline moved to July 10 sparking rumours. However, this time, Coach respected the time limit by announcing (July 11th) that it had completed his Kate Spade Competing Team’s $ 2.4bn bidder. Swept away the competition of the “uncomfortable third”, Michale Kors, Coach launches the American pole of the affordable luxury whose footwear Stuart Weitzman is a part.
Coach acquires Kate Spade
