Coach announced its plan to apply for issuing 294 million sets of depositary receipts and will go for secondary listing in the Hong Kong Main Board next Thursday (1 December) through introduction with board lot size of 100 sets for trading. Each set represents a tenth of interests of an ordinary share of the company.

Coach is an American marketer of fine accessories and gifts for women and men. Its product offerings include women's and men's bags, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance. Most of its sales income is from handbags, which account for 73% in the fiscal year ended 2, Jul, 2011, and accessories account for 27% and 10% from the sales of other products.

Coach says its secondary listing in Hong Kong is to expand its investor base, demonstrate its commitment to and focus on Asia, and raise Coach's profile with Asian customers and investors.