Coach

MILESTONES

In an effort to appeal to younger consumers, the company bought Kate Spade for $2.4 billion. The acquisition, which follows Coach’s 2015 purchase of Stuart Weitzman, indicates the handbag maker’s ambition to transform into a luxury holding company akin to LVMH.

CHALLENGES

Coach is still trying to rebuild its image after lowering prices and offloading products to budget retailers following the financial crisis.