Coach Inc. has completed its acquisition of Kate Spade & Co.With the acquisition complete, Coach’s former competitor has become a wholly owned subsidiary. Kate Spade’s shares will be delisted from the New York Stock Exchange on Wednesday.Coach in early May said it reached a definitive agreement to acquire its handbag rival in a deal valued at $2.4 billion. Kate Spade’s executive team is set to continue on at Coach. The deal also represented Coach’s decision to expand the company’s market reach to include the Millennial consumer. Understanding the Millennial consumer base is where the Kate Spade brand excels at, and the brand is known for its whimsical, fun and fashionable positioning.The Kate Spade deal helps Coach expand its portfolio of New York-based modern luxury lifestyle brands. In addition to its core Coach offerings, the company in 2015 paid $574 million to acquire footwear brand Stuart Weitzman. All three brands — Coach, Stuart Weitzman and Kate Spade — have roots in New York.For Kate Spade, Coach brings to the table an extensive supply chain network, as well as experience on the international front that can help the brand grow its global presence and specialty doors overseas. Kate Spade in turn can provide Coach with some knowledge on how and where to grow Coach’s product line, particularly in the area of licensing. At the time Coach acquired Stuart Weitzman, the Coach footwear line was produced under license with Jimlar. A year later, through learnings from the Stuart Weitzman acquisition, Coach took back its footwear line to produce in-house.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.