With eye on millennials, Coach buys Kate Spade

(Reuters) - Handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion (1.85 billion pounds) as it looks to tap the popularity of its smaller rival's quirky satchels and totes among millennials.

from Reuters: Top News http://uk.reuters.com/article/uk-kate-spade-co-m-a-coach-idUKKBN18414H?feedType=RSS&feedName=topNews