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American luxury fashion company Coach, Inc. agrees to acquire shoe brand Stuart Weitzman for $574 million. Coach aims to expand its reach and diversify its portfolio through this rare acquisition. The deal includes a cash payment of $530 million to Sycamore Partners, the private-equity firm that owns Stuart Weitzman, along with contingent payments of up to $44 million if certain revenue targets are met in the next three years.
Monday, 5 January, 2015