Coach buys over Kate Spade for US$2.4 Billion

 

When news of Kate Spade starting to close its Saturday stores in Singapore hit, I thought that the designer label was in troubled waters. Never mind that they said it was a move to concentrate more on their Kate Spade New York brand. But I guess things are looking better for them after Coach, another designer handbag maker, said it would buy Kate Spade & Co for a whooping $2.4 billion (S$3.4 billion).

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