Coach and Michael Kors expected to compete for Kate - leatherbiz: Lea Leatherbiz

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Coach and Michael Kors expected to compete for Kate Spade brand

23/01/2017
Leathergoods brands Coach and Michael Kors are reportedly among six companies interested in acquiring fashion brand Kate Spade & Company.

According to a report on newswire Blooomberg, Kate Spade is pursuing a sale, with a formal auction process expected to begin later this month. The boards of Coach and Michael Kors are said to be discussing the feasibility of a bid. The report added that other luxury brands from outside of the US are also interested. 

Coach and Michael Kors are both known to be searching for acquisitions, Bloomberg added. Kate Spade represents one of their biggest competitors, especially in the luxury handbag market. 

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Change of name for Coach group 16/10/2017
Brand repositioning hampers Coach growth 15/08/2017
Selena Gomez designs first product for Coach 10/08/2017
Choo purchase buoys Michael Kors 09/08/2017
Coach completes deal for Kate Spade 12/07/2017
Michael Kors to close stores after disappointing year 01/06/2017
Coach brand gets new CEO as part of restructure 07/04/2017
Michael Kors to focus on quality after sales dip 08/02/2017
Coach bags sales growth despite North American “pullback” 01/02/2017
Coach unveils new store at Sydney Airport 24/01/2017

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