There exist tags on this site for both Coach and Stuart Weitzman, which makes it almost mandatory for me to incorporate the news that the two brands are moving in together:
Footwear fanatics, rejoice: Two of your favorite labels are joining forces. In the latest fashion move, Coach has signed an agreement to purchase the Stuart Weitzman brand in a transaction valued at $574 million, WWD reports.
This is Coach’s first acquisition, and perhaps it was a wise one:
[F]ounder Stuart Weitzman and the existing management team will continue with the company to oversee the brand’s operations, working closely with Coach’s team to breathe new life into their designs.
This is not the first time Weitzman’s sold a business: after the death of his father, Weitzman and his brother sold the family shoe biz to a company in Spain. Twenty years later, Weitzman bought it back.
And maybe this is just me, but I tend to think of Coach as primarily a bag company with a shoe line on the side, so the combination of Coach and Weitzman seems to make a bit more sense than it might otherwise.