Rumors Coach Spent 18 Billion 400 Million Yuan To Acquire Tory Burch

< p > the latest news indicates that the American handbag and accessories brand Coach Cox intends to purchase the same brand as the US brand Tory Burch from 2 billion to 3 billion dollars.

Netizens broke the news that in 2012, designer Tory Burch had negotiated with Coach Cox chi to sell nearly 30% stake in her ex husband Chris Burch, but eventually the negotiations broke down.

The Coach wants to accelerate the growth of its business through acquiring the expertise of both sides in the supply chain.

But a spokesman for Coach said the company did not comment on market rumors.

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The net profit in the fiscal year third (P > Coach) increased from $225 million a year earlier, or 77 cents a share, to $239 million, or 84 cents per share, higher than the 80 expected average analysts expected by Thomson Reuters.

Revenue grew 7% to $1 billion 190 million, higher than analysts' average estimate of $1 billion 180 million.

This sales exceeded market expectations, mainly due to sales growth in North American and overseas markets.

LADYMAX Fashion Net found that Coach's same store sales increased 1% in the first quarter, and its total sales increased by 7% to $792 million.

The total sales volume of international business increased by 6% to 382 million US dollars, after which the effect of exchange rate was increased by 14%.

North America, which accounts for nearly 70% of the total, has opened 3 new stores and closed 5 stores this quarter.

The operating expenses rate rose 1.5 percentage points in the quarter due to the acquisition of Asian retail networks.

In January, Coach opened 100th stores in mainland China in Urumqi, and the total number of stores in Greater China (including Hong Kong, Macao and Taiwan) reached 118.

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< p > another creative director Reed Krakoff, who worked for Coach for 16 years, is relatively low-key. But his personal name brand is also influential. First lady Michel Obama (Michelle Obama) was wearing Reed dress when she boarded the cover of Vogue this year.

After 16 years of cooperation with Coach, Reed Krakoff will now officially fly solo, leaving Coach in June this year, and then devote all its efforts to personal brand.

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< p > Coach < /p >

< p > Coach is the famous brand of leather goods in the United States.

Coach, headquartered in New York, is the leading American enterprise for boutique accessories and gifts.

After years of continuous development, the "COACH" brand has become a world-class luxury fashion brand with LOUIS VUITTON, GUCCI (GUCCI), FENDI (Fendi), PRADA (Prada) and other brands.

Founded in 1941, Coach was a family run workshop.

In a loft in mantun, New York, six craftsmen made a series of leather products handed down from generation to generation.

Since then, Coach's unique handcraft and high quality production have been favored by customers who are quite quality.

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< p > Tory Burch < /p >

< p > Tory Burch is a practical and luxurious lifestyle brand, originates from the classic American sports fashion style, full of unfettered vigor and feeling, fully embodies the personal style and spirit of chief executive Tory Burch.

She has a unique eye, balancing the aesthetic values and values of the designers in the market, creating fashions and suitable for fashion and accessories worn by women of all ages.

The brand was founded in February 2004. So far, the products of Tory Burch have been sold in 50 independent store boutiques, ToryBurch websites and more than 500 selected shopping malls and franchised stores in the United States, Europe and Asia.

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