Coach

Fast Company - - Most Innovative Companies -

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.

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