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NEW YORK Cheap Baltimore Orioles Hats , May 9 (Xinhua) -- New York-based handbag maker Coach Inc announced on Monday that it will buy fashion product designer Kate Spade & Co for 2.4 billion U.S. dollars in hopes that the latter's popularity among younger generations would help expand its market share amid a challenging retail environment.


Under the terms of transaction, Kate Spade shareholders will receive 18.50 dollars per share in cash for a total transaction value of 2.4 billion dollars.


The transaction represents a 27.5-percent premium to Kate Spade's unaffected closing price of 14.51 dollars per share on Dec. 27, 2016, the last trading day before media speculation that the company was looking to sell itself.


"Through this acquisition, we will create the first New York-based house of modern luxury lifestyle brands, defined by authentic Cheap Baltimore Orioles T-Shirts , distinctive products and fashion innovation," said Victor Luis, chief executive officer of Coach.


"Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials," Luis said.


Known for crisp color, graphic prints and playful sophistication Cheap Baltimore Orioles Hoodies , Kate Spade's handbags are popular among millennials for its sleek and modern design.


Certain collections of its bags bear icons and elements of New York, thus having its unique appeal to many consumers. For example, some of its handbags are in the shape of a yellow cab or a patisserie from a well-known local bakery.


Despite its global presence, Kate Spade & Co generates the majority of its revenue in North America. In the past couple of years, around 80 percent of its revenue was made from domestic markets, analysts said.


Moreover Custom Baltimore Orioles Jerseys , the retail environment is becoming more and more challenging thanks to the rise of e-commerce. Many U.S. retailers and department stores have been closed lately at an unprecedented rate.


Kate Spade has a relatively small retail footprint and is expanding its e-commerce business, whereas Coach has its own strength in global operation and international brand building.


In this regard, the acquisition will create a synergy effect that helps Kate Spade build its brand and increase profits from the largely under-tapped global market.


"We are confident that this combination will strengthen our overall platform and provide an additional vehicle for driving long-term, sustainable growth," Luis said.


Craig A. Leavitt, chief executive officer of Kate Spade & Co Cheap Baltimore Orioles Jerseys , believes that reaching an agreement to join Coach's portfolio of global brands will "maximize value for our shareholders and positions Kate Spade for long-term success as we continue our evolution into a powerful, global, multi-channel lifestyle brand."


The deal, which is not subject to any financing condition, is expected to close in the third quarter of 2017.


On Monday, Kate Spade's shares rose 8.31 percent to close at 18.38 dollars per share after the official announcement of the deal.


Coach's acquisition of Kate Spade is its biggest deal yet Zach Britton Orioles Jersey , following the buyout of shoe maker Stuart Weitzman in 2015 in a deal valued up to 574 million dollars.


Earlier this month, Coach is reportedly mulling a possible acquisition of British luxury shoe manufacturer Jimmy Choo.


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BEIJING, Aug. 15 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland dropped 1.2 percent year on year in the first seven months to 485.42 billion yuan (72.79 billion U.S. dollars), data from the Ministry of Commerce showed Tuesday.


In the first seven months Ubaldo Jimenez Orioles Jersey , 17,703 new foreign-funded companies were established, up 12 percent year on year, according to the ministry.


The trend of an influx of foreign investment into high-end sectors continued, data showed.


High-tech manufacturing saw FDI rise 8.3 percent to 37.39 billion yuan, while foreign investment in high-tech services surged 16.8 percent to 70.31 billion yuan.


Non-financial outbound direct investment (ODI) by Chinese companies dropped 44.3 percent year on year in the first seven months to 57.2 billion U.S. dollars Mark Trumbo Orioles Jersey , mainly due to government measures to curb irrational investment.


Outbound investment in real estate, culture, sports and entertainment sectors saw substantial declines during the period, the ministry said.


Meanwhile, outbound investment to countries involved in the Belt and Road Initiative stood at 7.65 billion dollars, accounting for 13.4 percent of the total ODI Manny Machado Orioles Jersey , up 5.7 percentage points from the same period in 2016.


While Chinese companies are going global, FDI still makes great sense for China today.


From research and development centers and technological spillover to the acquisition of world-class management skills, the impact of FDI in China is huge.


The Chinese leadership has promised to create "a stable, fair, transparent and predictable business environment" with a range of measures under way.


China has created 11 free trade zones where foreign firms can avoid red tape when applying for registration. It is shortening the list of sectors that are off-limits to foreign investors, as well as reducing market entry restrictions for industries such as transport and financial services.




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