Key Developments: Coach Inc (COH.N)

COH.N on New York Stock Exchange

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6 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Coach Inc closes $600 mln senior unsecured notes offering
Monday, 2 Mar 2015 04:30pm EST 

Coach Inc:Closes underwritten public offering of $600 million aggregate principal amount of 4.250% senior unsecured notes due 2025.Interest on the notes is payable semi-annually on April 1 and Oct. 1 of each year, beginning on Oct. 1.  Full Article

Coach, Inc prices $600 million of senior unsecured notes
Monday, 23 Feb 2015 06:18pm EST 

Coach, Inc:Announced the pricing of senior unsecured notes for an aggregate principal amount of $600 million.  Full Article

Coach announces proposed offering of senior unsecured notes
Monday, 23 Feb 2015 08:50am EST 

Coach Inc:Intends to offer, subject to market and other conditions, senior unsecured notes under a shelf registration on file with the Securities and Exchange Commission.J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers.To use the proceeds from this offering for general corporate purposes, which may include capital expenditures, working capital, repayment of outstanding revolver borrowings, acquisitions, or investments in, and funding for, our Hudson Yards development.  Full Article

Coach declares quarterly cash dividend
Wednesday, 18 Feb 2015 07:00am EST 

Coach Inc:Declared a quarterly cash dividend of $0.3375 per common share.The dividend is payable on March 30, to shareholders of record as of the close of business on March 6.  Full Article

Coach Inc reaffirms FY 2015 revenue outlook - Conference call
Thursday, 29 Jan 2015 08:30am EST 

Coach Inc:Says financial outlook for FY 2015, broadly annual guidance has not changed for FY 2015 although stronger dollar and international tourist trends will impact reported dollar sales and SG&A growth.Says sales, company still expect to deliver low double-digit decline in constant currency for FY 2015.Reported revenue of $4.806 billion in FY 2014.FY 2015 revenue of $4.203 billion - Thomson Reuters I/B/E/S.  Full Article

Coach Inc to acquire Stuart Weitzman
Tuesday, 6 Jan 2015 07:00am EST 

Coach Inc:Signed a definitive agreement with Sycamore Partners to acquire Stuart Weitzman Holdings LLC, a designer and manufacturer of women's luxury footwear.Under the terms of the agreement, Coach will make initial cash payments of about $530 million to Sycamore Partners.In addition, Coach will make up to $44 million in contingent payments to Sycamore Partners upon the successful achievement of selected revenue targets over the three years following the closing of the acquisition.  Full Article

Coach Inc declares quarterly cash dividend
Thursday, 13 Nov 2014 07:00am EST 

Coach Inc:Declares quarterly cash dividend of $0.3375 per common share.Payable on Dec. 29.To shareholders of record as of the close of business on Dec. 5.  Full Article

Coach Inc reaffirms FY 2015 revenue outlook - Conference call
Tuesday, 28 Oct 2014 08:30am EDT 

Coach Inc:Expects to deliver low double-digit decline, both in constant currency and on reported basis in FY 2015, largely due to reduced promotion and store closure activity.Reported revenue of $4.806 billion in FY 2014.FY 2015 revenue of $4.251 billion - Thomson Reuters I/B/E/S.  Full Article

Coach Inc announces retirement of Lew Frankfort, executive Chairman
Thursday, 25 Sep 2014 04:30pm EDT 

Coach Inc:Says that Lew Frankfort, Executive Chairman, will retire from the company at the expiration of his term on the date of the company's 2014 Annual Meeting of Stockholders in Nov. 2014.  Full Article

Coach Inc appoints President and Chief Operating Officer
Tuesday, 9 Sep 2014 07:00am EDT 

Coach Inc:Announced appointment of Gebhard Rainer, as President and Chief Operating Officer, effective Sept. 29, 2014.  Full Article

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Handbag sales prompt Coach, Kate Spade to rein in promotions

- Holiday-season splurging on handbags has given Coach Inc and Kate Spade & Co new impetus to cut back on promotions, confident that Americans are more willing to splash out on luxury.

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