-
Coach snags rival in $2.4 billion acquisition
Coach has acquired a brand with a strong following among millennials. The luxury handbag company on Monday announced that it will acquire Kate Spade & Company for $18.50 per share in cash, which represents a premium of 9% to Kate Spade's closing price on Friday. The deal, which has a total transaction value of $2.4 billion, is expected to close in the third quarter of 2017 and add to adjusted earnings in fiscal 2018. -
Could this be JackThreads’ final ‘farewell?’
Online menswear retailer seems to be at the end of its rope — or in this case, thread. E-retailer JackThreads’ website is promoting its “Farewell Sale,” which is selling all merchandise, site-wide, for 70% — and all is final sale. While the company did not post any messages saying that the company is ceasing operations, the site’s “Work With Us” page has been closed.
