Coach Buys kate spade for $2.4 Billion

Coach,Inc. bought Kate Spade & Company for $2.4 billion.The acquisition will create a "leading​ luxury lifestyle company" in the apparel and accessories industry stated that the press release from Coach, Inc. CEO of Coach, Inc., Victor Luis said in a press release today, May 8, 2017, that Coach "can unlock Kate Spade & Co.'s untapped global growth potential." Craig A. Leavitt, CEO of Kate Spade & Company, said in the same press release from Coach, Inc., we plan to "expand our product category" with Coach, Inc.. Coach and kate spade are luxury accessory brands with products for people who shop for luxury goods. Coach.com stuartweitzman.com katespadeandcompany.com