Coach buys Stuart Weitzman for $574 million
06/01/2015
Coach will pay private equity firm Sycamore Partners – which took on the brand last year as part of the Jones Group – $530 million in cash and $44 if it hits revenue targets over the next three years.
Rival private equity firms and other shoe companies submitted bids for Stuart Weitzman.
In October, Coach outlined a plan to turn the business around after disappointing sales.
Image courtesy of Stuart Weitzman/GDS.
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