Coach Coach Sells New York Headquarters At US $707 Million
U.S.A
Leather goods
group
Cox Chi
The group said recently that the group had sold its New York headquarters 10 Hudson Yards, for $707 million, while the group also signed a 20 year lease agreement.
Excluding paction costs of $26 million and $77 million attributable to Hudson Yards developers, the paction will generate an average revenue of $30 million per year over the next 20 years.
It is reported that the above paction is part of the Allianz SE (ALV.DE) German insurance giant Allianz Group's acquisition of 10 Hudson Yards property equity paction.
After the paction is completed, the 10 Hudson Yards will be jointly owned by Allianz SE, Related Cos., Oxford Properties Group Inc..
Apart from the company, the tenants of 10 Hudson Yards also include a number of investment banks such as the French group L'OREAL group's US company L 'Oreal USA and KKR & Co. and Wells Fargo & Co. rich countries.
The company did not explain why the property was sold and the group had no cash shortage.
At present, the company's performance is recovering.
The ratings of the investment bank to the Cox group are generally upwards.
Credit Suisse said in its July 27th report that Coach is declining its price reduction effect.
brand
The retail price is stable. In contrast, rival Michael Kors will have to rely on strong discounts to fight poison and quench thirst.
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