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Tuesday, January 6, 2015

Coach to purchase luxury shoe maker Stuart Weitzman, (NYSE: COH)

Coach Inc said it would purchase luxury footwear company Stuart Weitzman Holdings LLC from private equity firm Sycamore Partners in a deal valued at up to $574 million. Coach said it would make initial cash payment of about $530 million to Sycamore Partners.

Coach, Inc. (Coach) is a marketer of accessories and gifts for women and men. Shares of COH fell by 1.55% or $-0.58/share to $36.73. In the past year, the shares have traded as low as $32.72 and as high as $56.59. On average, 4551650 shares of COH exchange hands on a given day and today's volume is recorded at 4522892.