Coach Inc., maker of leather goods and accessories, said announced it is teaming with BeautyBank, a unit of cosmetics maker Estee Lauder Cosmetics, to create fragrances and related products aptly named, the Coach beauty collection  that will be sold at Coach U.S. retail stores. Financial terms were undisclosed. The first fragrance is set to launch in the spring. This is the first time Coach has developed a perfume. BeautyBank develops brands for consumers that fall outside traditional department store channels. Brands include American Beauty, Flirt!, Good Skin, Grassroots and Daisy Fuentes Beauty.