Coach Nears Deal To Buy Stuart Weitzman : Reports

(RTTNews) - Handbags and accessories retailer Coach Inc. (COH) is nearing a deal to buy shoe company Stuart Weitzman, according to media reports, citing people familiar with the matter.

A deal could be announced as soon as this week. Coach will pay in the $600 million range for the upscale shoe brand, the reports said.

Private-equity firm Sycamore Partners is selling Stuart Weitzman, which is one of several brands it inherited when it took Jones Group Inc. private last year. At the time, Sycamore paid $1.2 billion for a collection of brands that included Jones New York apparel, Easy Spirit, Nine West and Stuart Weitzman.