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Coach Hires PepsiCo's Jane Nielsen As Chief Financial Officer

DOW JONES NEWSWIRES Coach Inc. (COH) hired Jane Nielsen from PepsiCo Inc. (PEP) to succeed retiring Chief Financial Officer Michael F Devine III, effective Sept. 1. Nielsen was chief financial officer of PepsiCo Beverages Americas and the global nutrition group. Devine, who has worked at the upscale accessories maker for almost 10 years, announced his retirement plans in February. Luxury retailers have reported better results of late as high-end shoppers opened their wallets in an improving economy and a rebound in stock-market valuations. Coach reported in April its fiscal third-quarter earnings rose 18%, while sales jumped 14%. Shares closed Tuesday at $66.03 and were inactive premarket. The stock has risen 78% over the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283;

Stock News for Coach (COH)
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06/15/201619:36:10Statement of Changes in Beneficial Ownership (4)
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06/09/201618:19:00Ralph Lauren Hires CFO From Rival Coach -- Update
06/09/201610:09:00Correction to Wednesday's Coach Chief Financial Officer Story
06/09/201603:04:00Ralph Lauren Names New CFO in Shake-Up -- WSJ
06/08/201621:18:00Ralph Lauren to Hire CFO From Rival Coach, Sources Say
06/08/201617:42:00Coach Chief Financial Officer Resigns
06/08/201616:32:30Current Report Filing (8-k)
06/08/201616:30:00Coach CFO Nielsen to Leave; Search Commencing for Successor
05/31/201616:31:52Specialized Disclosure Report (sd)
05/31/201600:29:00First Hudson Yards Tower Set to Open
05/26/201606:45:00Coach, Inc. to Present at the Bernstein Strategic Decisions Conference
05/18/201606:45:00Coach, Inc. Declares Quarterly Cash Dividend
05/04/201617:56:38Statement of Changes in Beneficial Ownership (4)
04/27/201603:04:00Coach Bags Better Sales, Returning to Growth in North America...
04/26/201612:22:00Coach Tops Expectations as Sales Improve -- Update

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