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Coach New York, commonly known as Coach, is an American luxury fashion house headquartered in New York City & specialized in handbags, luggage, and accessories, as well as ready-to-wear. Coach licenses its name and branding to Luxottica for eyewear [ 4 ] and Paris-based Interparfums for fragrances. [ 5 ]
Capri owns the brands Versace, Michael Kors, and Jimmy Choo. [11] The U.S. Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag market.
Capri is the parent company of Kors' eponymous brand, as well as Versace and Jimmy Choo. Tapestry, owner of Coach New York and Kate Spade, offered to buy Capri for $8.5 billion in 2023, [7] [8] but called off the acquisition after it was blocked by a federal judge the following year. [9]
FILE - A chain of the Coach brand, owned by parent company Tapestry, is seen, May 3, 2019, at the Citadel Outlets in Commerce, Calif. (AP Photo/Richard Vogel, File) (ASSOCIATED PRESS)
Coach has appointed a captain to help steer the brand into the future. Parent company Tapestry Inc. said Thursday that Todd Kahn is now the permanent chief executive officer and Coach brand ...
The biggest luxury fashion M&A deal in decades, Tapestry's purchase of Capri Holdings, means new challenges for CEO Joanne Crevoiserat.
In January 2015, Sycamore Partners LLC (the private equity fund that owns Jones Apparel Group) agreed to sell the company to Coach, the luxury fashion house, for $574M. [7] As part of the deal, Weitzman stayed on as a shoe designer for the company. [8]
At Coach, he’s in charge of a big business that’s changing with the times. Its sales slipped 4 percent in the most recent quarter to $1.23 billion with gross margins at 72.5 percent of sales.