Notable Mergers and Acquisitions 1/6: (COH) (VZ)/(AOL) (CHFC) (FB) - InvestingChannel

December 26, 2024

Notable Mergers and Acquisitions 1/6: (COH) (VZ)/(AOL) (CHFC) (FB)

by Street Insider0110

* Coach (NYSE: COH) announced that it has signed a definitive agreement with private equity firm Sycamore Partners to acquire Stuart Weitzman Holdings LLC, a leading designer and manufacturer of women’s luxury footwear. The transaction will complement Coach’s current leadership position in premium handbags and accessories, while immediately adding to the company’s earnings as it continues to make meaningful progress against its brand transformation announced earlier this year.

Victor Luis, Chief Executive Officer, Coach, Inc., said, “Stuart Weitzman is a leading American luxury designer footwear brand with a solid growth trajectory and further significant domestic and international development potential. Importantly,