Coach Buy Stuart Weitzman for 480 Million Euros

Coach, the American brand specializing in luxury leather has shown interest in acquiring the brand of shoes of Stuart Weitzman, that currently belongs to the investment company Sycamore Partners. The transaction will achieve the 574 million dollars (what translated come to be about 480 million euros), which will be undertaken in two phases.

Coach will make a first payment of $ 530 million, and then the 44 million remaining over the three years of the time of its acquisition. A significant figure, but let us not forget that Stuart Weitzman It has 117 boutiques spread over 70 countries, of which 45 are located in the United States, and in 2014 its turnover reached 300 million dollars.

Official site | Coach
Official site | Stuart Weitzman

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