Luxury handbag maker Coach is buying rival Kate Spade, a brand known for its whimsical designs and colorful patterns, for $2.4 billion in cash, the companies announced Monday.
"Millennials Think Coach Is 'Boring.' Will Acquiring Kate Spade Help?" is from the May 08, 2017 Business section of The Washington Post. It was written by Abha Bhattarai and narrated by Sam Scholl.