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GENEVA Dan Hamhuis Canada Jersey , July 28 (Xinhua) -- The UN migration agency said Friday it estimates that 839,118 individuals (139,853 families) remain displaced following heavy fighting to retake the northern Iraqi city of Mosul.

IOM staff working around Mosul said "thousands of people remain buried under the rubble," following the liberation of the northern Iraq city from Islamic State (IS) forces by the country's government forces, said the agency senior press officer Joel Millman in Geneva at a UN media briefing.

Mosul Dale Hawerchuk Canada Jersey , lies 400 km north of Iraq's capital Baghdad, and until this month had been under IS control since June 2014, when government forces abandoned their weapons and fled, enabling IS militants to take control.

IOM said much of what was once a bustling city of more than 1.4 million people, whose history dates back to at least 401 BC Corey Perry Canada Jersey , is just stones and rubble after Iraqi forces seized it back earlier this month.

The liberation of Mosul has shifted the fight across the border to Syria about 470 km westward towards Raqqa where IS has its headquarters in northern Syria and where UN agencies are battling to help the displaced people.

Jens Laerke, deputy spokesperson for the OCHA, the UN Office for the Coordination of Humanitarian Affairs noted that the Assistant Secretary-General for Humanitarian Affairs and Deputy Emergency Relief Coordinator Ursula Mueller in the previous day expressed concern for the protection of the about 200,000 people who have been left displaced in Raqqa governorate since April 1.

Laerke said about 30,000 of them were displaced from their homes in this month alone due to the military operations against IS forces.

He said UN and humanitarian partners are responding to those who have been displaced and are ready to provide support in Raqqa city itself Corey Crawford Canada Jersey , as soon as access and security conditions allow.

"Humanitarian deliveries to besieged and hard-to-reach areas is currently at a low point. No UN-coordinated inter-agency convoys have reached any besieged areas in July although airdrops to Deir Ez Zour [south of Raqqa] have continued," said Laerke.

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NEW YORK, May 9 (Xinhua) -- New York-based handbag maker Coach Inc announced on Monday that it will buy fashion product designer Kate Spade & Co for 2.4 billion U.S. dollars in hopes that the latter's popularity among younger generations would help expand its market share amid a challenging retail environment.

Under the terms of transaction, Kate Spade shareholders will receive 18.50 dollars per share in cash for a total transaction value of 2.4 billion dollars.

The transaction represents a 27.5-percent premium to Kate Spade's unaffected closing price of 14.51 dollars per share on Dec. 27 Claude Giroux Canada Jersey , 2016, the last trading day before media speculation that the company was looking to sell itself.

"Through this acquisition, we will create the first New York-based house of modern luxury lifestyle brands, defined by authentic, distinctive products and fashion innovation Chris Kunitz Canada Jersey ," said Victor Luis, chief executive officer of Coach.

"Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials," Luis said.

Known for crisp color, graphic prints and playful sophistication Carey Price Canada Jersey , Kate Spade's handbags are popular among millennials for its sleek and modern design.

Certain collections of its bags bear icons and elements of New York, thus having its unique appeal to many consumers. For example, some of its handbags are in the shape of a yellow cab or a patisserie from a well-known local bakery.

Despite its global presence, Kate Spade & Co generates the majority of its revenue in North America. In the past couple of years, around 80 percent of its revenue was made from domestic markets Brent Burns Canada Jersey , analysts said.

Moreover, the retail environment is becoming more and more challenging thanks to the rise of e-commerce. Many U.S. retailers and department stores have been closed lately at an unprecedented rate.

Kate Spade has a relatively small retail footprint and is expanding its e-commerce business, whereas Coach has its own strength in global operation and international brand building.

In this regard, the acquisition will create a synergy effect that helps Kate Spade build its brand and increase profits from the largely under-tapped global market.

"We are confident that this combination will strengthen our overall platform and provide an additional vehicle for driving long-term, sustainable growth Braden Holtby Canada Jersey ," Luis said.

Craig A. Leavitt, chief executive officer of Kate Spade & Co, believes that reaching an agreement to join Coach's portfolio of global brands will "maximize value for our shareholders and positions Kate Spade for long-term success as we continue our evolution into a powerful, global, multi-channel lifestyle brand."

The deal Brad Marchand Canada Jersey , which is not subject to any financing condition, is expected to close in the third quarter of 2017.

On Monday, Kate Spade's shares rose 8.31 percent to close at 18.38 dollars per share after the official announcement of the deal.

Coach's acquisition of Kate Spade is its biggest deal yet, following the buyout of shoe maker Stuart Weitzman in 2015 in a deal valued up to 574 million dollars.

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