Coach to acquire Stuart Weitzman

Tuesday, 06 January 2015
Coach​ has ​announced the company has signed a definitive agreement with private equity firm Sycamore Partners to acquire Stuart Weitzman Holdings, a designer and manufacturer of women's luxury footwear in a transaction valued at 574 million dollars, or 377.92 million pounds. Coach will make initial cash​ ​payments of approximately 530 million dollars (348.95 million pounds) to Sycamore Partners.

Coach will also make up to 44 million dollars (28.97 million pounds) in contingent payments to Sycamore Partners upon the successful achievement of selected revenue targets over the three years following the closing of the acquisition.

​ Coach expects the acquisition to be accretive to earnings per​ ​share, exclusive of transaction-related charges including anticipated​ ​purchase accounting adjustments and contingent payments related to the transaction. ​

​ Stuart Weitzman markets its products in fine speciality and department​ ​stores worldwide and in its own retail stores in the U.S. and Europe.​ ​Stuart Weitzman realized net revenues of approximately 300 million​ dollars ​for the twelve months ended September 30, 2014.​


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