The following video is from Friday's Investor Beat, in which host Chris Hill, and analysts Jason Moser and James Early dissect the hardest-hitting investing stories of the day.
Yesterday, Coach (NYSE:TPR) announced that longtime CEO and Chairman Lew Frankfort will be stepping down in 2014. Frankfort first joined the company in 1979 when Coach did just $6M in sales. Today, the company is worth more than $13B. In this installment of Investor Beat, our analysts discuss the future of Coach.
The relevant video segment can be found between 0:15 and 2:36.