Flash Report 3 minutesRegister for Free AccessCoach to Acquire Kate Spade for $2.4 Billion Coresight Research May 9, 2017 Executive Summary Coach announced on Monday, May 8, that it has signed a definitive agreement to acquire Kate Spade for $2.4 billion in an all-cash transaction. The transaction is equal to $18.50 per share, a 27.5% premium to the unaffected closing price of Kate Spade shares on December 27, 2016. The acquisition is part of Coach’s plan to become a multibrand, modern luxury lifestyle company; aside from the Coach brand, it also owns the Stuart Weitzman brand. The company will operate Kate Spade separately from the Coach brand, as it does Stuart Weitzman. Coach management believes that Kate Spade’s strong appeal among millennials, which constitute about 60% of the brand’s customers, will help the company drive future growth. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Shoptalk 2024 “Shark Reef” Startup Pitch: All You Need To KnowFive Ways AI Is Being Used in Grocery RetailWeinswig’s Weekly: Focus on Superior Brand Building To Be BEST in RetailCES 2024 Wrap-Up: Top 10 Tech Takeaways—AI Creates a Buzz