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Stuart Weitzman markets its products in fine specialty and department
stores worldwide and in its own retail stores in the U.S. and
Stuart Weitzman is continuing as Creative Director and Executive
Chairman of
At the deal closing, Coach made initial cash payments of approximately
Coach financed the transaction with cash on hand. The acquisition is expected to be accretive to earnings per share, exclusive of transaction-related charges including anticipated purchase accounting adjustments and contingent payments related to the transaction.
About
Coach, established in
About
Stuart Weitzman, a legendary designer and manufacturer of women’s luxury
footwear, operates 46 retail stores across
A luxury brand built upon the idea of creating a beautifully-constructed shoe, Stuart Weitzman’s main objective has always been to merge fashion and function. The award-winning styles created by founder and designer Stuart Weitzman are engineered to feel as good as they look, and to look as good as they feel.
Neither the Hong Kong Depositary Receipts nor the
This press release contains forward-looking statements based on management’s current expectations. These statements can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “intend,” “ahead,” “estimate,” “on track,” “to be,” “on course,” “forward to,” “future,” “to lead,” “provide,” “to help,” “to delivering,” “to benefiting,” “to advancing,” “believe,” “remains,” “to reinvigorate,” “to achieve,” “to make,” “to enable,” “to realize,” “return to,” “to acquire,” “to execute,” “are positioned to,” “continuing to,” “trajectory,” “potential,” “project,” “guidance,” “target,” “forecast,” “anticipated,” or comparable terms. Future results may differ materially from management’s current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc.
Additional risks and uncertainties related to the transaction include
the following (i) the risk that the transaction disrupts current
operations, (ii) the risk that anticipated synergies and opportunities
as a result of the transaction will not be realized, (iii) difficulties
or unanticipated expenses in integrating Stuart Weitzman into Coach;
(iv) the risk that Stuart Weitzman does not performed as planned
following the acquisition including that Stuart Weitzman will not
achieve anticipated revenue targets; and (v) potential difficulties in
employee retention following the consummation of the transaction. Please
refer to Coach’s latest Annual Report on Form 10-K, our Quarterly Report
on Form 10-Q for the quarterly period ended
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150504006333/en/
Source:
Coach:
Analysts & Media:
Andrea Shaw Resnick, Global Head
Investor Relations & Corporate Communications
212/629-2618
or
Christina
Colone, Director, Investor Relations
212/946-7252
or
Stuart
Weitzman:
Karen Ferko, Executive Vice President of Global
Communications
212/287-0671