Coco Chi Group And Kate Spade & Co. Create Diversified Brand Luxury Lifestyle Company

Coach Inc. (NYSE:COH) (SEHK:6388) Cox group announced on Tuesday that it had completed the acquisition of Kate Spade & Co., and the group Affiliated Companies's offer for all Kate shares issued by Kate Spade & Co. has been planned.

Eastern summer time five o'clock p.m. on July 10, 2017, Wednesday Kate Spade & Co. is officially delisted from the NYSE.

Coach Inc. Cox group reiterated in its statement that it merged with Kate Spade & Co., to create a leading luxury lifestyle company with diversified brand portfolio.

Knowledge of product procurement, supply chain and retail operations, as well as a sound financial decision-making mechanism.

The unique characteristics of Coach's brand -- its long history and heritage, diversified channels, international distribution mode and experienced management team will promote the long-term sustainable growth of Kate Spade brand.

After months of rumor fermentation, the Coach Inc. group announced in the early May that it bought Kate Spade & Co. for $2 billion 400 million, which not only promoted Coach Inc. to the only multi brand luxury group in the United States, but also was optimistic about investment banking and rating agencies, stimulating Coach Inc. group to hit a new high.

At the end of last month, Buckingham Research of the investment bank issued a report that raised the rating of Coach Inc. from "hold" to "buy" and substantially raised the target price of the company, from 45 US dollars to 58 US dollars, with an amplitude of 29%, which is 24.6% more than that of the company's closing price of Monday.

No Agency, a fashion industry research and consulting firm, released a report in early May to sing the Coach Inc. Inc. and give it a target price of $56. The agency believes that the US group's share price could rise by 50%% this year.

The investment bank is unanimously optimistic about the Coach Inc. Cox group. In addition to its strong recovery in the North American market, it is more optimistic about its acquisition strategy. In early June, the Moody's Investors Service Moodie investor service agency gave Baa2 rating to the $1 billion senior unsecured notes issued by Coach Inc. group, which believed that Coach Inc. group had long held the lead in the key market share.

And the acquisition of Kate Spade & Co. trading will enable the group to reach US $5 billion 900 million, which will also expand the product line for the group and create opportunities for expansion, especially the expansion of key Asian markets.

Moodie also said that considering the synergistic effect of the merger, the above ratings reflected its good liquidity and the agency's expectation of moderate debt and solvency of Coach Inc. Cox group.

More attention should be paid to the world clothing shoes and hats net.