Coach Wants To Buy Stuart Weitzman Bidding In Many Enterprises

This year, following the Jones Group Inc. Jones group, the owner of private Holdings Company Sycamore Partners LP was later sold on the high-end market.

Shoe brand Stuart Weitzman Holdings LLC is likely to fall into the United States.

The retailer Brown Shoe Company Inc. (NYSE:BWS) is even Coach Inc. (NYSE:COH).

In December 2013, Sycamore Partners LP bought the Jones Group Inc. Jones group of US apparel production company for $2 billion 200 million (including $1 billion debt). In August this year, we hired Goldman Sachs Group Inc (NYSE:GS) and Goldman Sachs (Group) Citigroup to sell and sell them to the Jones group to raise funds for the purchase of other clothing and footwear retailers such as the company.

Reuters quoted the news that the price of Stuart Weitzman Holdings LLC might be close to $1 billion, while the Financial Times said the brand was valued at only $6-7 billion, and the final result of the bid is expected to be announced by the end of this month.

Except Brown Shoe Company Inc. (NYSE:BWS) and Coach Inc. (NYSE:COH).

Outside the group, there is also at least one private Holdings Company interested in acquiring Stuart Weitzman Holdings LLC.

Stuart Weitzman Holdings LLC has about 45 stores in the US market, with 61 stores and 10 outlets in the international market, plus e-commerce and wholesale business, with an annual sales of about 300 million US dollars.

Brown Shoe Company Inc. (NYSE:BWS) has more than 1200 stores, mainly in the United States, with annual sales of over $2 billion 500 million.

Stuart Weitzman Holdings LLC will make a conscious addition to the Coach Inc. (NYSE:COH), which is committed to pforming the leather brand into lifestyle brand, because shoes are exactly what the Coach Inc. (NYSE:COH) Cox group focuses on in the pformation process.