January 6, 2015 |
Coach have made an acquisition, of the shoe label variety. The accessories brand has purchased Stuart Weitzman for $574 million. “”In Coach, we have found a strategic partner that respects our culture, and offers the scale, resources and global business acumen to enable us to realise our full potential,” said Stuart Weitzman, creative director and executive chairman of the label. And what did Coach have to say about the matter? “Stuart Weitzman is a leading American luxury designer footwear brand,” said Victor Luis, CEO of the brand. “With a solid growth trajectory and further significant domestic and international development potential.” So it sounds like the acquisition is a positive move for both parties. And speaking of parties, let’s have one to toast the news?
By Ted Stansfield
