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Coach nearing deal to buy Stuart Weitzman -source

2015-01-06 08:15:54| Footwear - Topix.net

Accessories retailer Coach Inc is nearing a deal to buy privately held women's luxury shoe company Stuart Weitzman Holdings LLC for about $600 million, according to a person familiar with the matter. New York-based Coach, known for its Poppy handbags, has struggled to keep up with its fast-growing affordable luxury competitors, particularly Kate Spade & Co and Michael Kors Holdings Ltd, whose handbags are rapidly gaining popularity in North America.

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