Coach’s Acquisition of Kate Spade & Company


Fried Frank acted as counsel to Coach (NYSE: COH) in its definitive agreement to acquire Kate Spade & Company (NYSE: KATE).

Under the terms of the agreement, Kate Spade shareholders will receive US$18.50 per share in cash for a total transaction value of US$2.4 billion. The combination of Coach and Kate Spade & Company will create a leading luxury lifestyle company with a more diverse multi-brand portfolio supported by significant expertise in handbag design, merchandising, supply chain and retail operations as well as solid financial acumen. Coach is a leading New York design house of modern luxury accessories and lifestyle brands. Kate Spade & Company operates principally under two global, multichannel lifestyle brands: Kate Spade New York and Jack Spade New York. The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies.

The Fried Frank team included corporate partners Brian T. Mangino (Picture), J. Christian Nahr and Joshua Wechsler; antitrust and competition partner Barry A. Nigro Jr.; executive competition & ERISA partner Adam Kaminsky; tax partner Michael J. Alter; and corporate special counsels Amber Meek and Amir R. Ghavi.

Involved fees earner: Brian Mangino – Fried Frank Harris Shriver & Jacobson; Christian Nahr – Fried Frank Harris Shriver & Jacobson; Joshua Wechsler – Fried Frank Harris Shriver & Jacobson; Amber Meek – Fried Frank Harris Shriver & Jacobson; Bernard Nigro – Fried Frank Harris Shriver & Jacobson; Adam Kaminsky – Fried Frank Harris Shriver & Jacobson; Michael Alter – Fried Frank Harris Shriver & Jacobson; Amir Ghavi – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Coach Inc.;

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Author: Ambrogio Visconti