The world woke up this morning to news that Coach would buy fellow American fashion label Kate Spade New York for a cool $2.4 billion. Now, this line of retail news is usually of importance to only a pretty specific group of industry people. (Plus, the deal had been rumored for some months now, so even that particular intersection of folks was ready for the seemingly impending announcement.) Yet when Coach made its official offer public on Monday, as reported by Reuters, it quickly became...
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