Coach has signed a deal with Sycamore Partners to acquire Stuart Weitzman Holdings LLC, a leading designer and manufacturer of women’s footwear. Coach will make initial cash payments of about US $ 530 million to Sycamore Partners. In addition, it will pay around US $ 44 million in contingent payments to Sycamore upon the successful achievement of selected revenue targets over the three years. Victor Luis, CEO at Coach said, “Over the medium term, we look forward to advancing the Stuart Weitzman brand’s global development, especially by leveraging Coach’s international infrastructure and expertise in handbags and accessories.”
