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Namaste Launches VendorLink, CannMart Features Canada Puffin Accessories
Friday, September 18, 2020 - 12:43pm | 317Cannabis e-commerce company Namaste Technologies Inc. (TSXV: N) (OTCMKTS: NXTTF) announced Friday the introduction of its marketplace platform – VendorLink. The new platform allows brands and vendors to sell their cannabis accessories directly to CannMart customers. By...
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Michael Kors To Buy Jimmy Choo
Tuesday, July 25, 2017 - 8:11am | 594Luxury apparel and accessory maker Michael Kors Holdings Ltd (NYSE: KORS) confirmed early Tuesday morning it has agreed to buy the London-based and listed shoe company Jimmy Choo PLC. As part of the agreement, Michael Kors will pay Jimmy Choo's shareholders 230 pence per share, which values the...
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Why Coach's $18.50/Share Offer For Kate Spade Is 'Fair'
Monday, May 8, 2017 - 1:47pm | 578After months of speculation, Kate Spade & Co (NYSE: KATE) confirmed Monday it has agreed to sell itself to rival Coach Inc (NYSE: COH) for $18.50 per share. Kate Spade's profile as a potential M&A target dates back to late 2016, when the company faced pressure from an activist investor...
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Coach Will Buy Kate Spade For $2.4 Billion
Monday, May 8, 2017 - 7:56am | 349Shares of Kate Spade & Co (NYSE: KATE) gained more than 8 percent Monday morning after the accessories and apparel maker agreed to sell itself to rival Coach Inc (NYSE: COH) for $18.50 per share. Investors shouldn't necessary be surprised by Monday's announcement. Activist investor and...
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Analyst: Kate Spade's Seasonal Items Flying Off The Shelves, Brand 'Isn't Irrelevant'
Friday, December 30, 2016 - 8:19am | 303Shares of Kate Spade & Co (NYSE: KATE) soared on Wednesday after the designer and marketer of high-end accessories and apparel was said to be seeking strategic alternatives, including a sale of itself. On Thursday, optimism over a sale grew as Bloomberg reported that Kate Spade's...
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Kate Spade Spikes 17% Amid M&A Speculation
Wednesday, December 28, 2016 - 2:15pm | 348Shares of Kate Spade & Co (NYSE: KATE), a designer and marketer of high-end accessories and apparel, soared more than 17 percent early Wednesday afternoon amid M&A speculation. The Wall Street Journal reported that Kate Spade is exploring a sale of itself due to pressure from Caerus...
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Coach Reportedly Tried To Bag Burberry In Recent Months
Monday, December 5, 2016 - 11:00am | 332U.K.-based luxury goods retailer Burberry (LON: BRBY) (OTC: BBRYF) has rejected multiple takeover approaches from U.S. rival Coach Inc (NYSE: COH) in recent months, according to a report on Financial Times. The Rumored Interest The report said the deal would have created a company with a market...
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Retailers Are Awfully Weak This Morning
Wednesday, August 3, 2016 - 9:45am | 394Another earnings season, another poor performance for retailers. Shares of Kate Spade & Co (NYSE: KATE) were trading lower by nearly 20 percent after the company reported a top and bottom line earnings beat in its second quarter print but slashed its full year fiscal 2016 earnings per share...
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April Channel Checks Into Footwear, Apparel, Accessories Show 'Slow Start To Spring'
Monday, April 4, 2016 - 1:20pm | 267April channel checks of BB&T Capital Markets show that footwear, apparel and accessories had a "slow start to spring." "While the East Coast and parts of the Midwest arc bracing for a cold start to April, the West Coast Is forecast to have above average temperatures and a continued high level...
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Credit Suisse Downgrades Mall Anchors, Says 'Yellow Caution Light Is Flashing Faster'
Thursday, June 4, 2015 - 11:37am | 390In a report published Thursday, Credit Suisse analyst Michael Exstein downgraded the Mall Anchors sector to Underweight from Market Weight. Exstein noted that excluding J C Penney Company Inc (NYSE: JCP), capital expenditure for the group will grow 23 percent year-over-year to reach 2007 levels...
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Sterne Agee On Coach: Turnarounds Take Time
Wednesday, November 26, 2014 - 1:50pm | 296Ike Boruchow of Sterne Agee recently held a conference call with Coach Inc's (NYSE: COH) management team, including Andrea Resnick, Global Head of Investor Relations and Christina Colone, Director of Investor Relations. Boruchow concluded in a note to clients on Wednesday that 2015...
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Is Coach the Best Way to Profit from China's Growth?
Wednesday, December 18, 2013 - 4:56pm | 418South Korea may its own, new handbag museum -- but if you want to see those women's accessories in action in an Asian market, look to China. Luxury goods companies such as Ralph Lauren, Michael Kors and Mercedes Benz count on China for increasing sales. And among the most desired items by...