Footwear retailer Brown Shoe Company Inc is trying to acquire women's luxury shoe retailer Stuart Weitzman Holdings LLC, which could fetch close to $1 billion, three people familiar with the matter said on Tuesday.Brown Shoe is competing against other potential suitors, that include private equity firms and financial investors, the sources said. An outcome in the auction for Stuart Weitzman is expected this month, they added.The Financial Times, citing people familiar with the matter, reported on Tuesday that luxury accessories maker Coach Inc was also vying for Stuart Weitzman.Buyout firm Sycamore Partners, the owner of Stuart Weitzman, has been working with Goldman Sachs Group Inc and Citigroup Inc on the sale of the company, Reuters reported in August.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C traded higher by 1.89% or $1.01/share to $54.36. In the past year, the shares have traded as low as $45.18 and as high as $55.28. On average, 16910700 shares of C exchange hands on a given day and today's volume is recorded at 15957094.
Coach, Inc. (Coach) is a marketer of accessories and gifts for women and men. Shares of COH fell by 2.52% or $-0.91/share to $35.19. In the past year, the shares have traded as low as $32.72 and as high as $57.00. On average, 4252000 shares of COH exchange hands on a given day and today's volume is recorded at 8236761.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 1.06% or $1.99/share to $190.19. In the past year, the shares have traded as low as $151.65 and as high as $192.68. On average, 2779460 shares of GS exchange hands on a given day and today's volume is recorded at 3112152.
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