Coach Archive

Burberry Shares Soar After Report That Coach Is Considering Merger

LONDON, United Kingdom — Burberry Group Plc shares rose as much as 4.8 percent after Betaville, a financial blog, said Coach Inc. is considering merging with the British trench coat maker. The US maker of purses and accessories has been working with financial advisers at Evercore for several weeks on a possible deal, the website said, citing two people familiar with the situation it didn’t name. Earlier …

Coach’s Profit Exceeds Estimates as New Products Boost Sales

NEW YORK, United States — Coach Inc., the maker of luxury handbags, posted fourth-quarter profit that exceeded analysts’ estimates as new products boosted sales. Profit was 45 cents a share, excluding some items, in the quarter ended July 2, the New York-based company said in a statement Tuesday. Analysts projected 41 cents, on average. Sales rose 15 percent to $1.15 billion, in line with analysts’ $1.16 …