CG: Coach Is One Step Closer to Building an American Fashion Empire
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 9 May 2017
⏱️ 25 minutes
🧾️ Download transcript
Summary
With the $2.4 billion acquisition of Kate Spade, Coach hopes to reach millennial shoppers with a popular brand that it can eventually expand to new markets abroad. Meanwhile, Comcast and Charter team up to tackle the wireless industry.
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Transcript
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| 0:00.0 | Thanks to Harries for supporting the Motley Fool in Industry Focus. |
| 0:03.2 | For a free trial set including a razor handle, five blade cartridge and shave gel, go to Harries. |
| 0:08.3 | Com slash Fool. |
| 0:09.7 | Welcome to Industry Focus, the podcast it dives into a different sector of the stock market every day. |
| 0:17.0 | I'm your host Vincent Jeninist Tuesday, May 9th. |
| 0:19.6 | Today's show will be focused on company tie-ups and partnerships that have been making headlines |
| 0:24.4 | in the past few weeks and joining me via Skype to talk corporate matrimony is Senior Fool |
| 0:29.5 | com contributor Assid Sharma welcome back Os, great to have you with us. |
| 0:33.6 | Awesome, great feedback, Vince. So our first story is quite timely with the |
| 0:39.5 | Handbag and Accessories Maker Coach announcing yesterday morning that it would be acquiring |
| 0:45.0 | industry rival Kate Spade in a multi-billion dollar deal. |
| 0:49.2 | Asset, you know, just a really quick take before we dive into some of the specifics that I'll share |
| 0:54.7 | with our listeners you know which is your overall first impression of the deal. |
| 1:00.2 | Well overall I think it's probably a smart deal. |
| 1:03.2 | I do like the fact that Coach, which we've seen their portfolio extend out and broadened. |
| 1:10.1 | They're picking up another very nice brand which has some potential. |
| 1:14.3 | The buzz about this deal is that Coach is going to acquire |
| 1:18.5 | millennial shoppers through Kate Spade, but I want to throw something controversial from the start and get your opinion. |
| 1:27.2 | To me, this is coach's idea of millennial shoppers. |
| 1:30.5 | I think to a certain age who, millennial shoppers are looking at brands that are even younger and more hip than Cagspade. |
| 1:37.0 | However, the data that I've seen says about 60% of their customers are so-called millennials. |
| 1:43.3 | So I do like at the very top level complexion of this deal. |
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