High-end bag maker Coach splurges and buys rival Kate Spade
High-end bag maker Coach splurges and buys rival Kate Spade
Luxury goods maker Coach announced today it’s splurging. It has agreed to buy rival company Kate Spade for $2.4 billion. Coach has already acquired high-end shoe designer Stuart Weitzman, and with the Kate Spade purchase, it seems it’s on a mission to create a stable of luxury brands.
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