Coach Is Spending Half a Billion on These Shoes
If you look at the trajectory of Coach over the past year or so, there's a fairly clear path: With the hiring of Stuart Vevers as creative director and the introduction of higher-end leathers to the bag offerings, Coach seems intent on becoming a bona fide luxury brand. The latest premium upgrade: The brand just purchased Stuart Weitzman.
Weitzman's shoes—from barely-there nude sandals to over-the-knee suede boots (shown here)—are hugely popular amongst bloggers, editors, celebrities, and fashion insiders. With the acquisition of the brand, a deal valued at up to $574 million, Coach is set to become a super-strong force in not only the luxury world, but also the street-style world.
For more details on the deal, head over to CNBC. Then tell us: What do you think of Coach's purchase of Stuart Weitzman? Tell us your thoughts in the comments below!