Tajuk : Coach is buying Kate Spade for $2.4 billion
link : Coach is buying Kate Spade for $2.4 billion
Coach is buying Kate Spade for $2.4 billion
Dario Cantatore/Getty Images
Luxury retailer Coach announced on Monday it agreed to buy Kate Spade for $18.50 per share, for a total transaction value of $2.4 billion.
The combined company will create a “leading luxury lifestyle company” supported by significant expertise in “handbag design, merchandising, supply chain and retail operations, according to a statement.
The per-share acquisition price is 27.5% higher than Kate Spade’s share price as of December 27, the last day of trading before deal rumors started affecting the stock price.
“Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials,” Coach CEO Victor Luis said in the release.
This story is developing. More to come…
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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
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Dario Cantatore/Getty Images
Luxury retailer Coach announced on Monday it agreed to buy Kate Spade for $18.50 per share, for a total transaction value of $2.4 billion.
The combined company will create a “leading luxury lifestyle company” supported by significant expertise in “handbag design, merchandising, supply chain and retail operations, according to a statement.
The per-share acquisition price is 27.5% higher than Kate Spade’s share price as of December 27, the last day of trading before deal rumors started affecting the stock price.
“Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials,” Coach CEO Victor Luis said in the release.
This story is developing. More to come…
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qSF0hd
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Coach is buying Kate Spade for $2.4 billion
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