COACH SPECULATION: More than 13,800 Coach Inc. calls changed hands on Friday, fueled by rumors that French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton might acquire the luxury accessories marketer, according to OptionsMonster. Typical volume for Coach calls is 2,500 contracts. A Coach spokeswoman said, “The company doesn’t comment on market rumors.” LVMH executives declined comment as well. Although Coach has been the target of mergers talks in the past, market sources noted the firm, founded in 1941, has a long history of preferring to remain independent. Shares of Coach ended Friday’s session at $14.06 in heavier than average trading of 10.8 million shares, compared with average daily volume of 7.3 million shares.

NEW MARKET DATES IN ATLANTA: AmericasMart has changed its March apparel trade show dates to a Saturday-to-Monday format, eliminating Tuesday as an official market day. The spring market will run March 28 to 30, while early buying opportunities will still be available in select permanent showrooms on Friday, March 27. The move to a three-day market reflects the current economic austerity, AmericasMart officials said. “As the industry evolves, we have to evolve, and in a tough economy we need to listen to our exhibitors and buyers,” said Lawton Hall, senior vice president of apparel leasing. The change won’t make a significant difference in how exhibitors, reps and buyers do business, mart officials said.

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus