Coach Buys Kate Spade -

: Unanimously approved by both companies' Boards of Directors.

: Following the acquisition, Coach, Inc. rebranded as Tapestry, Inc. on October 31, 2017, to reflect its diverse portfolio. Strategic Objectives Coach Buying Kate Spade For $2.4 Billion - CBS New York coach buys kate spade

The acquisition of by Coach, Inc. (now Tapestry, Inc. ) was a landmark $2.4 billion cash deal finalized in July 2017 . This strategic move transformed Coach from a mono-brand retailer into a multi-brand fashion powerhouse, aiming to create the first "New York-based house of modern luxury". Deal Architecture Transaction Value : $2.4 billion in total cash. : Unanimously approved by both companies' Boards of

: $18.50 per share, representing a 27.5% premium over the unaffected closing price as of December 2016. Inc. rebranded as Tapestry