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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
05/26/201516:00:02TJX Has 1 Key Advantage That Macy's and Kohl's Do Not
05/26/201514:00:00Coach, Inc. to Present at the Bernstein Strategic Decisions Conference
05/26/201509:00:033 Reasons Coach Inc. Stock Could Rise
05/24/201514:05:043 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201514:00:103 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:55:043 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:50:043 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:45:083 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:40:043 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:35:093 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:30:083 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:25:073 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:20:043 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/24/201513:15:113 Reasons Coach Inc.'s Stock Might Not Be Done Falling
05/20/201513:00:09Macy's Makes a Risky Move to Pander to Wealthy Customers
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201507:00:00Coach Declares Quarterly Cash Dividend
05/11/201519:20:11Is Macy's Inc. About to Eat Itself Alive?
05/09/201517:05:02Is Coach Inc. Stock a Buy?
05/06/201517:07:48Quarterly Report (10-q)

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