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Coach Plans To Seek Approval Early Nov. For Depository Receipts Issuance In Hong Kong - Sources

HONG KONG -(Dow Jones)- Coach Inc. (COH) plans to seek approval from the Hong Kong stock exchange by the first week of November for its planned issuance of Hong Kong depositary receipts, or HDRs, people familiar with the situation said Thursday. The company aims to list on the exchange in November if it gets approval, one of the people said. Coach couldn't immediately be reached for comment. The planned Hong Kong listing would make it the latest luxury brand to seek a spot on the territory's stock exchange as they seek to boost their profile among China's rapidly growing affluent. The U.S.-based company said in May--when it revealed it planned a secondary listing in Hong Kong--that it doesn't plan to raise extra capital via the issuance of HDRs, underscoring that the exercise is more about marketing than finance. Coach's shares currently trade on the New York Stock Exchange. J.P. Morgan Chase & Co. is handling the deal, people familiar with the situation said earlier. -By Prudence Ho, Dow Jones Newswires; 852-2802-7002; prudence.ho@dowjones.com

Stock News for Coach (COH)
DateTimeHeadline
03/26/201520:05:29How Michael Kors Can Reward Its Suffering Shareholders: Pay A...
03/22/201503:13:16I'll Take Some Greenblatt With A Touch Of Domash
03/19/201508:01:12Weak euro puts luxury brands in a China predicament
03/18/201516:32:14Current Report Filing (8-k)
03/11/201518:22:10Statement of Changes in Beneficial Ownership (4)
03/04/201516:47:39Statement of Changes in Beneficial Ownership (4)
03/04/201507:31:36An unhappy Chinese New Year for luxury sellers
03/04/201507:00:00Coach to Open First Paris Flagship Store on Rue Saint- Honoré
03/04/201504:56:57Why Isn't Abercrombie Cool Anymore? (Podcast)
03/04/201504:04:27Hong Kong January Retail Sales: Grinding Through The Drought
03/03/201506:13:23Does Coach Have Growth Potential?
03/02/201517:51:06Current Report Filing (8-k)
03/02/201516:30:00Coach Announces Closing of $600 Million Senior Unsecured Notes...
02/28/201519:44:00Is Coach Finally Starting To Turn It Around?
02/26/201518:10:48Statement of Changes in Beneficial Ownership (4)
02/24/201511:15:39Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201507:42:01When Price Diverges From Earnings: Quarterly Comparisons Of Michael...
02/24/201506:06:07Current Report Filing (8-k)
02/24/201506:06:06Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/24/201505:53:55Enbridge Energy Partners Is Cheap - Cramer's Lightning Round...

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