Discloses updated to charges - filing
- In the Initial Form 8-K, Coach reported that it expects to incur total pre-tax charges approximating $250 - $300M (the Total Charge) in connection with the Transformation Plan. Of the Total Charge, the Company has now determined that it will record, primarily during fiscal year 2015, charges related to organizational efficiencies of approximately $45 - $60M. These substantially cash charges relate to employee severance as well as consulting and professional fees related to process and organizational optimization.