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For Coach, tapping into millennials across the globe is its winning strategy. | Images : @katespadeny

Coach acquires Kate Spade for $2.4 billion to tap into its strong millennial market

Coach, Inc. announced it has signed a definitive agreement to acquire Kate Spade & Company for $2.4 billion. Under the terms of the transaction Kate Spade shareholders will receive $18.50 per share in cash for a total transaction value of $2.4 billion, and Kate Spade will function as an independent brand. The merger will combine …

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