Coach Buying Stuart Weitzman for $574 Million — elle.com

Today, Coach announced that they too are fans of Stuart Weitzman, the brand that has given us topless Gisele, Zoe Saldana and puppies, and our beloved Lowland boot. According to a press release, Coach will buy Stuart Weitzman from Sycamore Partners in a deal valued at $574 million. Of the acquisition, Coach CEO Victor Luis said, "Stuart Weitzman is a leading American luxury designer footwear brand with a solid growth trajectory and further significant domestic and international development potential." He added that thanks to the "size, scope, and vibrancy" of the brand, Stuart Weitzman, which earned around $300 million in net revenues last year, will see a seamless transition to Coach ownership.

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