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COACH INC (COH)
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COACH INC : COACH, LF USA and Target Reach Settlement in Lawsuit

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05/17/2010 | 10:35pm CEST

Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, along with LF USA, Inc. and Target Corporation, (NYSE: TGT) today announced that all parties have amicably resolved the recent lawsuit filed by Coach.

The lawsuit, Coach Services, Inc. v. Target Corporation, and Rosetti Handbags & Accessories, Ltd., a division of LF USA, Civ. Action No.: 09 CV 8329 (LAK), filed by Coach on October 1, 2009, in the Southern District of New York, alleged defendants had, among other things, designed and sold handbags that infringed on certain of Coach's designs. ?We are pleased to have reached a settlement that is satisfactory to all parties in this litigation,? said Todd Kahn, Senior Vice President, General Counsel of Coach. Rick Darling, President of LF USA added, ?We respect the integrity of all brands, including Coach, and are pleased that this matter has been resolved in a manner beneficial to all parties involved.? The terms of the settlement are confidential.

Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, women's and men's small leathergoods, business cases, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, jewelry, fragrance and related accessories. Coach is sold worldwide through Coach stores, select department stores and specialty stores, through the Coach catalog in the U.S. by calling 1-800-223-8647 and through Coach's website at www.coach.com. Coach's shares are traded on The New York Stock Exchanges under the symbol COH.

LF USA is a subsidiary of Li & Fung Limited, the world's leading sourcing company for consumer goods, managing the supply chain for retailers and brands worldwide. Headquartered in Hong Kong, the Group services its customer globally through a sourcing network of over 80 offices and 40 countries and territories. Corporate website: www.lifung.com

Coach
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
SVP Investor Relations and Corporate Communications
or
LF USA, Inc.
Analysts & Media:
Berns Communications
Jessica Liddell, 212-994-4660
Senior Vice President


© Business Wire 2010
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Sales 2018 5 860 M
EBIT 2018 991 M
Net income 2018 347 M
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Yield 2018 3,05%
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Chart COACH INC
Duration : Period :
Coach Inc Technical Analysis Chart | COH | US1897541041 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 55,9 $
Spread / Average Target 26%
EPS Revisions
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NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary & Chief Accounting Officer
Olajide James Zeitlin Non-Executive Chairman
Andrea Shaw Resnick CFO, Global Head-IR & Corporate Communications
Ivan M. Menezes Independent Non-Executive Director
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