1. Coach Snags Rival Kate Spade for US$2.4B

    Coach Snags Rival Kate Spade for US$2.4B

    BERLIN (BLOOMBERG) - Coach Inc agreed to buy handbag maker Kate Spade & Co for US$2.4 billion following months of talks, helping the luxury brand cope with an industry racked by deep discounting and sluggish demand. The US$18.50-a-share transaction represents a premium to Kate Spade's price when deal speculation first surfaced in December, but it's well below the amount investors were betting on in more recent months...

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    1. Coach's extensive experience in opening and operating specialty retail stores globally, and brand building in international markets, can unlock Kate Spade's largely untapped global growth potential.
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