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    Coach Announces It Is Buying Kate Spade In $2.4 Billion Deal

    The news confirms months of rumors that the two New York-based brands were in talks to join forces, as Coach tries to attract millennial customers. Both boards unanimously approved the deal.
    by Merrit Kennedy May 08, 2017 1 minute
    Purses hang in the window of a Kate Spade store in New York City's SoHo neighborhood.

    Luxury brand Coach says it has reached a deal to acquire its smaller rival, Kate Spade, in a cash deal worth $2.4 billion.

    The announcement confirms months of rumors that the two New York-based

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