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Coach Focuses On Developing Shoes For Stuart Weitzman

2014/12/12 18:19:00 30

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This year, following the Jones Group Inc. Jones group's private Holdings Company Sycamore Partners LP, the high-end women's shoes brand Stuart Weitzman Holdings LLC is likely to fall into the hands of the US footwear retailers, Brown, and even the company.

In December 2013, Sycamore Partners LP bought the Jones Group Inc. Jones group of US apparel production company for $2 billion 200 million (including $1 billion debt). In August this year, we hired Goldman Sachs Group Inc (NYSE:GS) and Goldman Sachs (Group) Citigroup to sell and sell them to the Jones group to raise funds for the purchase of other clothing and footwear retailers such as the company.

It is reported that the price of Stuart Weitzman Holdings LLC may be close to US $1 billion, and the brand valuation is only 6-7 billion US dollars. Bidding The final result is expected to be announced by the end of this month. In addition to Brown Shoe Company Inc. (NYSE:BWS) and Coach Inc. (NYSE:COH) Cox group, there is also at least one private Holdings Company interested in acquiring Stuart Weitzman Holdings LLC.

   Stuart Weitzman Holdings LLC in the US Local market There are about 45 stores, and there are 61 stores and 10 outlets in the international market, plus e-commerce and wholesale business, with an annual sales of about $300 million. Brown Shoe Company Inc. (NYSE:BWS) has more than 1200 stores, mainly in the United States, with annual sales of over $2 billion 500 million.

Stuart Weitzman Holdings LLC will make a conscious addition to the Coach Inc. (NYSE:COH), which is committed to transforming the leather brand into lifestyle brand, because shoes are exactly what the Coach Inc. (NYSE:COH) Cox group focuses on in the transformation process.

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Most of Italy's brand Roberta di Camerino is acquired by United Trademarks Group Ltd. (UTG), a private equity fund in China. According to reports, UTG is a fund founded in the early 80s, and this acquisition of Roberta di Camerino aims to recreate the brand's past brilliance and bring its handicraft value into full play.

According to reports, UTG has 7 offices worldwide with a turnover of US $1 billion 500 million, focusing on the promotion and business development of fashion and luxury brands in China. After the completion of the acquisition, the current CEO Ercole De Cesare of Roberta di Camerino will work with UTG executives Yuexi Pan and Cedric Cedric.

The Chinese name of UTG is yet to be verified, but according to Linkedin, Cedric Devroye also serves UTG and Glory Rabbit International Investment Co., and the latter is Shanghai jinrabbit Investment Limited.

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