coach inc (COH) Key Developments
Coach Eyes Acquisitions
Feb 23 15
Coach, Inc. (NYSE:COH) is looking for acquisition opportunities. Coach announced the pricing of senior unsecured notes for an aggregate principal amount of $600 million. Coach intends to use the proceeds from this offering for general corporate purposes, which may include capital expenditures, working capital, repayment of outstanding revolver borrowings, acquisitions, or investments in, and funding for, our Hudson Yards development
Coach Seeks Acquisitions
Feb 23 15
Coach, Inc. (NYSE:COH) today announced that it intends to offer, subject to market and other conditions, senior unsecured notes under a shelf registration on file with the Securities and Exchange Commission. Coach intends to use the proceeds from this offering for general corporate purposes, which may include capital expenditures, working capital, repayment of outstanding revolver borrowings, acquisitions, or investments in, and funding for, our Hudson Yards development.
Coach, Inc. Declares Quarterly Cash Dividend Payable on March 30, 2015
Feb 18 15
Coach, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.3375 per common share. The dividend is payable on March 30, 2015 to shareholders of record as of the close of business on March 6, 2015.
Coach, Inc. Appoints Andrea Guerra as Board of Director
Feb 5 15
Coach, Inc. announced that Andrea Guerra has been appointed to Coach’s Board of Directors. The appointment of Mr. Guerra to the Board brings the membership to nine. Andrea Guerra served as Chief Executive Officer of Luxottica Group S.p.A. from 2004 to 2014. Formerly, Mr. Guerra spent 10 years at Merloni Elettrodomestici, where he was appointed Chief Executive Officer in 2000. In December 2014 he was appointed the Senior Strategic Advisor for Business, Finance and Industry to Italian Prime Minister Matteo Renzi. Mr. Guerra is a member of the Steering Committee of Fondo Strategico Italiano S.p.A. and serves on the Board of Directors of both Amplifon S.p.A. and Ariston Thermo S.p.A.
Movado Group, Inc. and Swissam Products Limited Enter into an Amended and Restated License Agreement with Coach, Inc
Feb 2 15
Movado Group, Inc. and Swissam Products Limited (SPL) entered into an Amended and Restated License Agreement with Coach, Inc. (Licensor). The Amended License Agreement amends and restates the original license agreement between the Licensor, the Company and SPL dated December 9, 1996 (Original License Agreement). Material modifications to the Original License Agreement, as implemented by the Amended License Agreement, include the following: The term has been extended from June 30, 2015 through June 30, 2020. Sales minima are specified for the extension term. The royalty rates have been revised. New requirements for marketing and advertising expenditures have been established. Licensor discounts for purchases in excess of certain thresholds are specified. A maximum two year period has been set for the sale of any particular watch model unless Licensor agrees to an extension. The other material provisions of the Amended License Agreement remain substantially unchanged from the Original License Agreement.