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Business News Roundup will also make up to $44 Michael Kors handbag million in contingent payments to Sycamore Partners if certain revenue Replica Christian Louboutin targets are hit during the three years after the deal closes.The deal is expected to bolster Coach’s image while creating growth opportunities as it struggles to turn around its brand under new CEO , who took the post in January 2014. For , the deal will expand its business overseas.It’s a rare acquisition for Coach, and while analysts cheap fake handbags praised the deal, some worry that it could be a distraction to its core business.Coach been struggling as shoppers have defected to brands like and Kate Spade for handbags that are edgier but are Michael Kors outlet priced similarly. Coach cheap michael kors has had five straight quarters of sales declines including its most recent quarter, which ended Sept. 27, when total sales were down nearly 10 percent and North American sales fell 19 percent.But this past holiday shopping season, the intensity of promotions of handbags increased, according to a report.Coach previously announced plans to close about
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