Coach Finally Bought Kate Spade
FashionThere was talk that perhaps Michael Kors might buy Kate Spade, but TCC always thought Coach made more sense. What would be the purpose in a brand, that derives a lot of its designs from "inspired by", buying another brand that has the design philosophy.
The sale of Kate Spade cost Coach 2.8 Billion dollars. With its own sold customer base (who doesn't have a vintage coach in their closet) perhaps Coach can add a luxury element to Kate Spade that broadens the brand's appeal beyond its millennial base.