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Reuters
Published
May 10, 2011
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Coach eyes dual listing in Hong Kong

By
Reuters
Published
May 10, 2011

May 10 - Coach Inc plans to list shares on the Hong Kong Stock Exchange, a move the upscale handbag maker said reflected the growing importance of China's luxury market.

Coach Inc
Audrey collection by Coach

Coach said on Tuesday that no additional shares would be issued and no new capital raised through this listing.

Last month, Coach said sales at its Chinese stores open a year had risen by a double-digit percentage.

The company, based in New York, said the listing could come by the end of 2011.

Its shares have been listed on the New York Stock Exchange since its 2000 initial public offering when Sara Lee Corp spun the company off.

(Reporting by Phil Wahba; Editing by Derek Caney)

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