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Tapestry and Capri each had their reasons for wanting to join forces. For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of growth.
Tapestry, Inc. is an American multinational fashion holding company. It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman. Originally named Coach, Inc., the business changed its name to Tapestry on October 31, 2017. [4]
Joanne Crevoiserat, the CEO of Tapestry, Inc., at the stores at Hudson Yards in New York City, on Sept. 28, 2023. Credit - Mark Peterson—Redux ... Home to Coach, Kate Spade New York, and Stuart ...
In turn, Tapestry has seen earnings growth accelerate from 4.5% in the fiscal year ended June 2020 to 9.5% in the fiscal year ended April 2023. Analysts expect Tapestry to grow earnings by 12.4% ...
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 ]
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their ...
August 10 – Tapestry, the holding company of Coach New York and Kate Spade, announces it will acquire Michael Kors' Capri Holdings, which also owns Versace and Jimmy Choo. [ 190 ] August 16 – 21 – Hurricane Hilary , a Category 4 Pacific Hurricane, strikes the Baja California peninsula and later causes record flooding in Southern California .
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