Coach consolidates via external growth

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16 June 2017 à 10h50

Updated on 10 May 2019 à 17h44

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1 minute

Publication: 16 June 2017 à 10h50, Updated on 10 May 2019 à 17h44

Reading time: 1 minute

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Publication

16 June 2017 à 10h50

Updated on 10 May 2019 à 17h44

Reading time

1 minute

Publication: 16 June 2017 à 10h50, Updated on 10 May 2019 à 17h44

Reading time: 1 minute

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In the U.S., Coach signed a US$2.4 billion deal to purchase Kate Spade,which is subject to official approval. Combined sales would reach US$5.9 billion via 1,300 stores. The future entity would become a fierce rival to Michael Kors as both firms are very complementary. About 60% of Kate Spade’s clients are “Millennials” born after 1981 whereas Coach targets older customers keen on more expensive bags (in Q1 2017, 50% of sales came from bags over US$400). Kate Spade has the more...

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