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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. -
Online made-to-measure menswear brand focusing on brick-and-mortar expansion
Indochino is growing its fledgling store footprint and has the U.S. market in its sights. The Vancouver, Canada-based online retailer has opened its 13th store, at Metropolis in Metrotown in Burnaby, a suburb of Vancouver. The approximate 2,000-sq.-ft. store follows the recent openings of additional locations at West Edmonton Mall, Edmonton, and Chinook Centre, Calgary.

