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Announcement (May 28, 2008):
Coach has agreed to acquire the Coach domestic retail businesses in Hong Kong, Macau, and China from ImagineX.
Under the terms of the agreement, Coach will acquire the assets, including fixtures and inventory, of its current stores in stages over the next year.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-04-02
Deal Participants
Target (Company) ImagineX Group - Coach Domestic Retail Businesses Acquirer (Company) Coach, Inc. Vendor (Company) ImagineX Group
Deal Rationale
This acquisition would allow Coach to directly manage the significant growth opportunity with the Chinese consumers by gaining control of its distribution.
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