BREAKINGVIEWS-Coach tie-up with Burberry is too fashion forward

BURBERRY-COACH/BREAKINGVIEWS:BREAKINGVIEWS-Coach tie-up with Burberry is too fashion forward

Oct 21, 2016, 08.15 PM IST

(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.)

LONDON, Oct 21 (Reuters Breakingviews) - Shares in the $7.9 billion British label rose after a report the U.S. bagmaker might bid. The two could go together nicely. As befits a luxury brand, though, there's no bargain here. Even with synergies, Coach would have to pay prices that would make a fashionista blush.

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CONTEXT NEWS

- Coach, the U.S. luxury goods company, is considering a potential merger with Burberry according to financial blog Betaville, citing sources.

- Burberry's shares were up as much as 8 percent on Oct. 21. By 1520 BST they were up 2.9 percent, at 14.92 pounds. The company had a market capitalisation of 6.4 billion pounds ($7.9 billion) at the close of Oct. 20.

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(Editing by George Hay and Liam Proud)

(This story has not been edited by economictimes.com and is auto–generated from a syndicated feed we subscribe to.)

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