Jan 6, 2015
Coach’s new shoes: Stuart Weitzman
Luxury brand makes a half-billion dollar move to acquire footwear company.
Coach, the luxury handbag and accessories company, has made a half-billion dollar move to acquire Stuart Weitzman, the luxury footwear brand. Coach’s stock price dropped by over 30 percent in 2014, and it has been looking for a way to revitalize its offering. Will a new pair of shoes do the trick?