May 8, 2017 / 4:12 PM / 3 months ago

BRIEF-Coach CEO- Approximately 60 pct of Kate Spade's consumers are millennial

May 8 (Reuters) - Coach Inc

* CEO on conf call- marketing and design, merchandising teams to remain independent for Kate and Coach, corporate functions to be shared

* CFO- will issue $1.1 billion term loan, $1 billion senior secured loans

* CEO- approximately 60% of Kate Spade's consumers are millennial

* CEO- "in the short-term, we're not going to be looking at any major acquisitions...we have the financial flexibility to look at other smaller acquisitions in the size of a Stuart Weitzman or smaller" Further company coverage:

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